TRADING WEEK DEC 21ST-DEC 24TH

The market wound up not very far from where it started with SPY up a little less than one percent. The VIX futures were down marginally. The intraday trading ranges were 5.33, 3.67, 2.29, 1.41 and 4.13. All eyes are on the two Senate races in Georgia. The market loves divided government and if those two seats wind up in GOP hands the market will get what it wants. The SPY 18Dec 364-367-370 call butterfly finished up at 0.82 for a 0.24 profit. SPY did trade at 370.02 on Friday, near the butterfly's sweet spot of 370. If you're slightly bearish the 24Dec 367-364-361 put butterfly could be purchased for only 0.24. Consumer Confidence comes out at 10:00am ET on December 22nd and Consumer Spending comes out at 8:30am ET on the 23rd. EEM, SNAP, PLTR and HPE all have decent options liquidity and have been moving around a bit. There should be opportunities.