TRADING WEEK JUL 15-19

The first two days last week were predictably lacking in volatility as all eyes were fixed on the inflation numbers being released at the end of. the week. Wednesday the market popped on rate cut anticipation. The intraday trading ranges for the week were 2.06, 1.66, 4.89, 6.50 and 6.52. The hi-lo for the week was 8.48. The intraday trading ranges on Thursday and Friday made the SPY 19Jul24 555 long straddle a winner with all of the gamma scalping opportunities. This week U.S. Retail Sales comes out at 8:30am ET on the 16th. Housing Starts come out twenty-four hours later, with Industrial Production coming out forty-five minutes later. U.S. Leading Economic Indicators comes out on the 18th at 10:00am ET. This week the SPY 19Jul24 560 straddle is priced much lower than last week's at the money straddle at 5.64. Of course there are no sexy numbers coming this week. It is probably still worth a try with some earnings reports coming out this week. BAC, MS and STT come out before the opening on the 16th. JNJ and USB come out before the opening on the 17th. AA and UAL come out after the close on the 17th. NFLX comes out after the close on the 18th. CMA, HAL and SLB come out before the opening on the 19th.