A Look Ahead At Trading Week Aug. 21-25

The market had some action last week as the intraday trading ranges for the week were 3.73, 3.34, 4.65, 5.67 and 4.56.

The hi-lo for the week was 15.10. The large price range provided gains from the at-the-money straddle. 

Interesting to note that volume on the Monday, August 14th, was 48,895,173 whereas on the Friday, August 18th, it was 89,629,111.

This week the Invesco QQQ Trust Series 1 (QQQ) 25Aug23 439 straddle is priced at 8.39.

That is a reasonable price for the volatility we're having.


Zoom Video Communications Inc ( ZM ) releases earnings after the close on Monday, August 21st.

Baidu Inc (BIDU)Macy`s Inc (M) and Medtronic (MDT) release before the opening on Tuesday, August 22nd.

The only major economic numbers are the decidedly non-sexy Existing Home Sales at 10:00am EST on Tuesday, August 22nd, followed by New Home Sales on Wednesday, August 23rd.

Kohl`s Corp. (KSS) releases before the opening on the 23rd, with NVIDIA Corp (NVDA)Gap, Inc. (GPS) and Nordstrom, Inc. (JWN) releasing after the close.

Obviously NVDA is the big daddy.


August 25 2023 IV will most likely increase during market hours into Wednesday.


For reference, Sept 29 2023 IV is about half.

More By This Author:

Demystifying Options Markets
Thinking Options For Trading Week Aug. 14-18
Understanding The Multiple Facets Of Options

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