TRADING WEEK MAR13TH-MAR17TH

The market was knocked out of its sluggishness last week. The intraday trading ranges for SPY were 3.44, 7.04, 3.12, 10.95 and 8.84. The hi-lo for the week was 23.13. The long at the money straddle at 7.50 was a winner last week, although it took some patience to get the most out of it. The SPY 17Mar 385 straddle at 11.50 is much more expensive. There are two reasons for this. The CPI comes out Tuesday morning at 8:30am ET, followed twenty-four hours later by the PPI. A bad set of numbers could send an already down trending market reeling. A good set of numbers could mean a big snap back. The 11.50 doesn't seem so bad when looked at it that way.