TRADING WEEK JAN 4TH-JAN 8TH

The market went up over 1% and the intraday trading ranges for SPY were 1.52, 3.17, 1.53 and 3.43. The VIX actually went up 6.0% while the VIX futures were flatter than a pancake. The SPY 31Dec - 15Jan 369 call spread would have resulted in a 0.25 profit. In other words, if you were Rip Van Winkle for a week you wouldn't have missed out on much. There was plenty of volatility in Chinese stocks such as BIDU and BABA. Non-farm payrolls, average hourly earnings and the unemployment rate will be released at 8:30am ET on the 8th of January. All eyes will also be on the twin U.S. Senate races in Georgia on January 5th. Premium levels won't drop until those events have been decided.