So china takes a step to cool sizzling stock market rally. Under the government’s latest decision, tariffs on mainland stock trades will rise to 0.3% from 0.1% effective Wednesday. In my opinion, this tariff doesn’t have much material impact in the big picture of double triple digits gains. However, this is significant move as this shows the government is serious about cooling-off stock market before the bubble is burst and causes destruction.
The market is set for weaker opening. If the market does sell-off today, I might pick-up some trades for OP Newsletter as the IV will rise and so is the premium.
Profitable trading, OptionPundit