TRADING WEEK DEC 14TH-DEC 18TH

SPY was up 1%. The VIX was down 12% and the VIX futures were all up in the mid single digits. The intraday trading ranges were 1.90, 3.17,5.10,3.42 and 3.48. It's not like there is nothing happening. It's just that there isn't much happening. DIS did make 15 point overnight jump. Competitor NFLX should be watched closely. The VIX futures are not in backwardation and they aren't in contango either. There should be volatility for several more months. At least people are not betting against it at this point. If you bought the SPY 18Dec 370-375 call vertical at 2.07 it crumbled down to 0.98. You probably could have cut your losses in half with the proper adjustments. The SPY 18Dec 369-364 vertical put spread purchased at 1.95 would have resulted in a 0.50 profit. The SPY 18Dec 364-367-370 call butterfly could be purchased for 0.58. You'd need to actively adjust if there's movement but just a couple of days of churning could make it profitable. Industrial Production comes out at 9:15am ET on Tuesday. Retail Sales come out at 8:30am ET the following day. That afternoon at 2:00 ET the FED releases its minutes, followed up by a Jay Powell press conference. Housing starts come out at 8:30am ET on Thursday morning.