It's interesting to hear the 'experts' comments on a daily basis and to see how confident they are in their market predictions. I would not have the guts to loudly tell the whole world that my predictions are correct and here are the numbers to back it up.
Because the market is random. The false predictions are quickly forgotten, while the correct predictions are amplified. The 'expert', who got lucky with their claimed prediction, is celebrated for a while and people start blindly listening to them.
It's a funny dynamic. As an options trader, I occasionally tune into the 'experts' for entertainment reasons only, not to put my savings on their predictions.
So what's my trade for today?
#PFE (#Pfizer). This stock has been moving between $47 and $55 in the past 6 months and is now closer to the top of this range. I feel that it should be fairly safe to sell a wide strangle against it.