Seasonal Weakness Upon the Market
Posted on Tuesday, June 19, 2018 at 1:37 PM
Tim Biggam, Chief Option Strategist - Delta Derivatives
Tim discusses the seasonal weakness of July and August for stocks. He says, favor bear call credit spreads as a preferred trade structure now that VIX is back to levels where option selling makes sense. Selling out of the money call spreads on TSLA and IQ is a great move, he adds. Oil should remain weak as Contango turned to backwardation...more supply coming on market, he concludes.
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