Posted in
Daily Report
By: Tom Gentile
on February 24th, 2022
Based off today’s price action you would think the war and tensions between Russia and Ukraine was over.
The Dow was down over 800 points early and then proceeded to rally into the close 92-points higher for the day.
The S&P500 trade down 2- to 2.5% lower erased those losses and finished higher by 1.5%.
The S&P500 is still in a correction as it is still down over 10% off their Jan highs.
The NASDAQ, even after today’s impressive run, is still down over 16% off its highs, but it did close higher by 3.3% today.
What Options Considerations Are Available
The Russia / Ukraine situation definitely isn’t over, but for now investor’s seemed to have shrugged off those concerns so let’s look for a bit of continuation to the upside, Also, this will be a bullish option idea or two to look at before we get into March and the almost assured first Fed rate hike to come this year happens.
Here are a couple of Morning Reports Lists for bullish option trade ideas.
App: Toms Option Tools
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