TRADING WEEK JAN8-12

This past week the market had mediocre movement with SPY's intraday trading ranges 3.18, 3.01, 3.91 and 4.0. The hi-lo was 7.24 for the week. The big numbers that came out last week didn't have much of an effect on the market. In spite of that, the in the money straddle for SPY was still a winner because SPY opened 3.15 points lower on Tuesday morning. With the added trading day this week the SPY 12Jan24 469 straddle is priced slightly higher at 5.66. It's worth a shot. CPI comes out at 8:30am ET on the 11th, followed twenty-four hours later by the PPI. Also on the 12th earnings season kicks off. DAL releases earnings before the opening as well as the banking stocks BAC, WFC, JPM and C. SCHW and MS release before the opening on the 15th.