TRADING WEEK APR 17TH-APR 21ST

The past week had better volatility than the previousweek but without the crazy volatility that it could have had if there were crazier inflation numbers. The intraday trading ranges were 3.72, 2.26, 4.73, 5.85 and 5.03. The hi-lo for the week was 9.12. You could have come close to breaking even with some aggressive gamma scalping. The only significant numbers this week are Housing Starts, which comes out the 18th at 8:30am ET and Leading Economic Indicators at 10:00am ET on the 20th. The SPY 21Apr23 423 straddle is priced at 5.40 due to the lack of any big numbers. Volatility does seem to be trending down but at that price you should be able to break even or come close to it. MU seems to be trending up so another bullish strategy could be in order. On Tuesday BAC, GS and JNJ release earnings before the opening with NFLX releasing after the close. On Wednesday MS releases before the opening with TSLA releasing after the close. T releases before the opening and IBM releases after the close on Thursday. SLB releases before the opening on Friday.