Trading Week May12th - May16th



There was decent but not spectacular volatility last week. The intraday trading ranges for SPY were 4.95, 6.39, 7.78, 9.61 and 5.26. The hi-lo for the week was 14.27. The straddle was a small to medium size winner. The butterfly would have been a home run with the right amount of patience. The CPI Comes out at 8:30am ET on the 13th, with PPI coming out forty-eight hours later.

U.S. Retail Sales comes out at the same time on the 15th, with Industrial Production coming out forty-five minutes later. On the 16th Housing Starts comes out at 8:30am ET, with Consumer Confidence coming out ninety minutes later. The SPY 16May25 565 straddle was offered at 12.50 with the SPY 16May25 560-565-570 call butterfly offered at 0.60. I went with butterfly.

CSCO reports earnings after the close on the 14th. The following day WMT and BABA release earnings before the opening while AMAT releases after the close.


More By This Author:

Trading Week September 11 - 15
A Look Ahead At Trading Week Sep. 5-8
A Look Ahead At Trading Week Aug. 21-25

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