Put Selling Could be The Options Strategy For You

The Dow is trying to avoid a fourth-straight drop

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Schaeffer's Opening View
9/09/2021
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Stock Futures Muted Despite Upbeat Jobless Claims


By: Jake Scott

Keeping up with the trend this week, stock futures are once again muted, as the Delta variant continues to impact the smoothness of the economy's reopening. In addition, the Federal Reserve released its latest "Beige Book," and noted that U.S. businesses are facing rising inflation amid a shortage of goods and downshifting economic growth.

At last check, futures on the Dow Jones Industrial Average (DJI) are down around 23 points, as the major benchmark looks to avoid fourth-straight daily dip, while S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are flat. Nevertheless, upbeat jobless claims could pare losses. According to the Labor Department, first-time filing for unemployment claims dropped to 310,000 last week, well below expectations and a new pandemic low.

Continue reading for more on today's market, including:

  • Korn Ferry stock hits record high ahead of key event.
  • A comprehensive breakdown of the art of put selling.
  • Plus, GameStop's wider-than-expected loss; United Airlines slashes outlook; and Macy's bull note.
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