Options Outlook for the Week of November 25: Markets Remain Bullish Ahead of Holidays
Markets remain bullish as we near the end of the year here and busy holiday season.
Markets have been holding well and treating dip buyers (as shallow dips as they are) very well. Many of the high flyers seem to have run out of juice, including Google (NASDAQ: GOOG) and Amazon (NASDAQ: AMZN). Although, the long side has shown to provide several very good scalp opportunities.
Priceline (NASDAQ: PCLN) is on a rampage as Goldman Sachs (NYSE: GS) gave it a solid buy rating even at high prices here a rug pull with strength like this is very unlikely. Selling premium or scalp long is definitely the smarter way, although look for your high flyers like LinkedIn (NYSE: LNKD) and Netflix (NASDAQ: NFLX) to show weakness for any inkling of a big short.
Again, markets remain bullish, the swings have paid out. This week is a short week so premium decay will be solid, don't get caught buying too much.
Check out the video below for a recap of this week's options outlook.
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