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.
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.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.