BY LICIA LESLIE
December 15, 2023
Hi Shoppers,
Jerome Powell has caused quite the rally.
The S&P 500 Mini Futures are looking like they may be consolidating here before taking that next leg higher.
The last consolidation took twelve sessions but look at that move after:
If we open and trade higher this morning, I will be watching to buy the S&P 500 Mini SPX Options Index (Ticker: XSP):
I like the 472 calls.
Now remember, these settle in cash so if your position is at its highest at the close, you do not need to sell your options.
They automatically settle in cash in your account.
Thanks for Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
See what's hot at option pit
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