TRADING WEEK DEC 27TH-DEC 31ST
Somehow the market is again showing its resiliency. The high in SPY was 1.35 shy of its high before finishing at 470.60. The intraday trading ranges for the week were 4.26, 6.90, 5.26 and 3.55. The hi-lo for the week was a more impressive 14.21. With the SPY 31Dec 471 straddle available at 6.25 it seems almost impossible to pass up buying it. Even if it's a slow week the likely worst case scenario is a 1/3 loss of your debit.