World markets are rising a bit this morning anticipating a German bailout of the Greece financial situation. Markets also rose yesterday on this possible news. I suspect most of it is now “priced in” to the market now and only the failure of a bailout will cause a big move on the confirmation of this plan or lack of plan.
As we head into our income trades for March a tip for traders new to a strategy. Before you trade an underlying or strategy be sure to paper trade it a month or two first. In fact this works even for seasoned traders when they decide to take a different approach to their tactics of income trading. Keep practicing and learning the craft of options trading throughout your trading life.
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I almost thought the photo was from St Louis!