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Sang Lucci

Sang Lucci has been successfully trading options for over six years. He began his career at a proprietary trading firm where he studied the techniques of other traders while managing his own account...

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Options Outlook For The Week of December 16: Signs Of Weakness Showing

Markets were ripping Monday morning after showing signs of weakness overnight.

As assessed last week, we are looking at expanded ranges all across the board. Expectations are that we will continue to chop with momo in the social media names such as LinkedIn (NYSE: LNKD) Twitter (NYSE: TWTR) and Facebook (NASDAQ: FB).

Banks are showing no signs of life, traders would be wise to stay away from these.

The big players like Apple (NASDAQ: AAPL), Google (NASDAQ: GOOG) and Priceline.com (NASDAQ: PCLN) have just been chopping all around the place.

Scalp opportunities are good, swings are slowly dwindling. Either sell premium or go for scalps as volatility picks up towards the end of the year.

Check out the video below for a recap of this week's options outlook.

Posted in: Options Previews Pre-Market Outlook Markets Trading Ideas