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What's a Realistic Retirement Age?Options and trading specialist David Nassar discusses an intriguing short-term trade based on seasonal patterms at the end of October. Here's a look from his Marketwatch Options Trader.
"The global markets are still crashing, and a highly defensive approach remains warranted until very clear signs of stabilization take shape.
"Even if the broad market were to somehow stage a strong rally, we would expect a full retest of the lows, a few weeks out. Typically, October lows are retested in December (1974, 1987, 2002, et al).
"Despite this bearish outlook, we are recommending a 'October seasonal trade.' The seasonally most bullish period of the year is the end of October and the beginning of November.
"As a result, we usually try to trade this period for a rally. Given the above bearish market comments, you might think this strange, but understand that this is just a trade.
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