TRADING WEEK JUL 18TH-JUL 22ND

???There still was some inflation related volatility, but the market seemed to shrug off the abominable numbers. The intraday trading ranges for SPY last week were 3.17, 7.17, 7.58, 8.01 and 4.71. The hi-lo for the week was 15.83. The days of slapping on a long straddle and just waiting until the move exceeds the price of the straddle before you adjust appear to be over. The trading is no longer great, but it is still good. It just takes some more work adjusting your position with results that are not quite as good. Now is the time to stay aggressive. Even though SPY was down 1.0%, the VIX was also down 1.2%. The July, August and September VIX futures were also down while the further out futures were up very slightly. The VIX probably dropped because of the comeback after the inflation numbers. The QQQ 22Jul 292 straddle at 8.70 might require some work but you wouldn't think that there will be zero volatility. Housing Starts come out at 8:30am ET on the 19th. The following day Existing Home Sales come out at 10:00am ET. Twenty-four hours later the Leading Economic Indicators come out. On the 19th JNJ and HAL disclose their earnings before the open. After the close, NFLX is the first big heavyweight to release earnings. UAL and TSLA release after the close on the 20th. On the 21st AAL and T release before the opening. VZ, TWTR and SLB release before the opening on the 22nd.