Condor Options

Just a quick note this afternoon to mention that all of the major indexes are now hitting short-term overbought status. Of course, they could certainly continue higher, but odds are improving now for a possible reversal later this week. It’s also options expiration week, so we might see that reversal as late as Monday.

If you wanted to take a small position here, some long puts or short call spreads on any of the major indexes would be the way to do it.