QQEW - Worried About The Fed? Hedge With Options

• Option traders may have an advantage in the next few weeks as uncertainty regarding the Fed’s next move on interest rates and QE, as well as the repercussions engendered by those actions for MELA.
• The major indexes are grinding sideways with a slight upward bias. The market’s breadth is decidedly lacking, although it is not falling apart altogether. And the options market is leaning slightly to the bullish side.
• Aside from earnings reports and the general state of things in Washington, whatever the Fed says about its future plans in its Jackson Hole Wyoming soiree in late August will likely shape what stocks do for the rest of 2021.

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