Trading Week Jun 9th - 13th


It wasn't quite as wild as the previous trading week but the price tag for the positive gamma position was lower.

The intraday trading ranges for SPY were 7.73, 5.23, 2.46, 7'95 and 3.97. The hi-lo for the week was a healthy 15.77. The SPY 13Jun25 595-600-605 call butterfly was offered at 0.90.

The SPY 13Jun25 600 straddle was offered at 8.75. That was the first time in a while that the one week at the money straddle was offered at single digits. The CPI comes out on the 11th at 8:30am ET on the 11th, followed twenty-four hours later by the CPI.

On the 13th Consumer Sentiment comes out at 10:00am ET. With the two big inflation numbers and the new kid on the block, Consumer Sentiment I decided to go with the long straddle.

CHWY releases earnings on the 11th before the opening with ORCL releasing after the close. ADBE releases after the close on the 12th.


More By This Author:

Trading Week May 19th - May 23rd
Trading Week May12th - May16th
Trading Week September 11 - 15

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