In today's Traders Exclusive update, Tim Biggam discusses the impact of the ECB inaction on markets. This morning, Mario Draghi failed to satisfy the expectations of market participants who anticipated an announcement of quantitative easing out of the European Central Bank. Initially markets sold off on the news, but the effect has been muted to this point. Macro news is starting to dominate the headlines, as inflation fails to pick up and economic activity is slowing globally. Biggam anticipates consolidation in the price action and is selling call spreads on the SPY with that mind. Option order flow analysis showed a big trade in ANF yesterday, which may have signaled a tradeable bottom, so it presents an opportunity to sell put spreads.
TheStreet’s Fundamentals of Investing Course will teach you the keys to making the right decisions in any market.
TheStreet’s Personal Finance Essentials Course will teach you money management basics and investing strategies to help you avoid major financial pitfalls.
TheStreet Courses offers dedicated classes designed to improve your investing skills, stock market knowledge and money management capabilities.
More from Video
Ask Cramer: Cisco vs. CVS, Which Stock is Better for Your Portfolio?
Should investors consider adding Cisco to their portfolio? Jim Cramer weighs in TheStreet's new video segment, #AskCramer
Pinterest vs. Zoom vs. Lyft: Which Tech IPO Should You Choose? -- ICYMI
Zoom is profitable already but has a very lofty valuation, while Pinterest has some clear advantages over Lyft but one big con.
Jim Cramer: How to Play Pinterest on the Second Day of Trading
The unicorn Pinterest makes its debut at the New York Stock Exchange. Watch the video from TheStreet's Cramer Live to find out why investors should be careful with this 'happy stock'.