TRADING WEEK JAN 18TH-JAN 21ST

In spite of the absolutely horrific inflation numbers the SPY only sold off 0.3% last week. The VIX was up a measly 2.1% but the VIX futures were down, albeit only slightly. The intraday trading ranges for the week were 9.14, 7.80, 4.26, 9.44 and 5.18. The hi-lo for the week was 16.60. Selling or buying the at the money straddle would have been a winner. It's all how you traded it. The SPY 21Jan 465 straddle was priced at 7.85 despite there being one less trading day this coming week. The VIX futures are in contango and the water seems calm. It might seem crazy but buying the at the money straddle is worth another shot. Leading Economic Indicators come out at 10:00am ET on the 21st. On the 19th PG and MS release their earnings before the opening with INTC releasing after the close. NFLX is the first superstar to release this earnings this cycle, doing so after the close on the 20th. SLB releases before the opening on the 21st while HAL releases before the opening on the 24th.