How Options Strategist Steve Sosnick Is Trading Fluor

Steve Sosnik, chief options strategist at Interactive Brokers, discusses recent market trends, highlighting the NASDAQ's performance and the impact of market sentiment, including FOMO and bear market rallies. He also explores the potential influence of midterm elections on the market, emphasizing infrastructure as a key area of agreement in a split Congress. Sosnik provides insights into trading strategies, particularly in volatile markets, and suggests infrastructure-related trades as a potential opportunity.

What was the significant market event discussed in the first section?

• The best month for NASDAQ since 2008

• A three-day rally for NASDAQ, Dow, and S&P 500

• The worst month for Dow since 2008

• A steady market growth without volatility

What does the speaker suggest about the nature of bear market rallies?

• They are insignificant and rare

• They are predictable and safe

• They are sharp and painful

• They are slow and steady

What trading strategy does the speaker recommend in the context of market volatility?

• Avoiding the market completely

• Holding onto stocks indefinitely

• Buying dips and selling rips

• Buying high and selling low

What is the speaker's view on the potential impact of the midterm elections on the market?

• It will lead to a market crash

• It is unpredictable with potential for varied outcomes

• It is a binary event with clear outcomes

• It will have no impact on the market

Which sector does the speaker identify as a potential area of bipartisan agreement?

• Finance

• Infrastructure

• Healthcare

• Technology