Friday Update

Friday Update Hello Smart Option Sellers! Happy Friday! Today's alert will be brief as I'm headed out of town shortly. In economic news this morning: monthly unemployment numbers were released and it looks like the U.S. economy is still going strong as 266,000 new jobs were created, much higher than the 187,000 that was expected. The unemployment rate ticked down to all-time lows again to 3.5% (from 3.6% last month) and wages rose 3.1% from a year ago at this time, better than the 3.0% expected. If consumers have more money in their paychecks, spending will occur. That's what helps prop up the U.S. economy more than anything else. It's all about expectations in the stock market. If the economy and individual companies can beat (albeit lowered) analyst's expectations, then we will see rallies. And as I type, the futures markets are soaring. We should have a strong opening today. On top of that good news, China & the U.S. government are doing all they can to ease everyone's minds about the tariff stand-off. Both sides seem to have better expectations of an agreement. So, let's see how today plays out. Any rally will be great for our current put-sell positions. I don't have any new trades today but we do have one question to answer. Friday Q&A Q: Hi Lee,

FYI. I just got off the phone with a TD Ameritrade representative regarding a matter on my account and was informed that Charles Schwab is in the process of acquiring TD Ameritrade. I don’t exactly know what this will mean for TOS users; hopefully it will be a good thing.