For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring you up to date on the latest market developments. Nick will be sharing trades and concepts and discussing current trends. Today we discuss:
1. Oil production cuts from OPEC + is 9.7 million barrels a day. Crude oil is catching a small bid. Traders should wait for a chart pattern to form. The demand for crude is small right now wth the economy still being shut down.
2. Markets are now hopefull the economy can reopen in May. I think it can, but it will be in phases and in different parts of the country.
3. This Friday is options expiration, so expect lots of institutional games to be played. The institutional traders will target the small retail options trader that is playing this week’s expiration.
4. Proper use of options, especially around earnings time. When there’s more risk involved they make sense. He’s watching a Hilton option now. Looking at an option slightly out of the money.
For more info, go to www.InTheMoneyStocks.com.