Trading OEX Options off a 15-minute S&P Chart

As some traders already know, trading options is somewhat like that old game of “beat the clock.” In order to reap the huge reward, you not only have to be right on price direction, but you also must be correct on timing. The WolfeWave is the perfect tool for this. On the above S&P chart, a trained Wolfe Wave practitioner could judge at the 5 point that the price is about to reverse. He or she would also know how far it is likely to go. Having this information  you could then select a highly leveraged OEX option that would benefit most from a fast, measured move.