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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 30: Financials Just Sitting Around

Markets continue to just chop around on another short week.

Activity has been high surrounding Twitter (NYSE: TWTR) and Apple (NASDAQ: AAPL) after news helped move some decent volume into their momentum side.

Overall, these two have large expanded ranges now, providing for some decent trades.

Tech names such as Google (NASDAQ: GOOG) and Amazon (NASDAQ: AMZN) have been giving a few chances at scalp longs in the slow markets.

Overall, the board is flat especially with the financials just sitting around.

Careful playing positions too long as decay is overbearing during a chop short week.

Enjoy the New Year and wrap up 2013 with positive p/l!

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