TRADING WEEK NOV13-17

The market was stuck in neutral last week util it popped upwards on Friday. The intraday trading ranges for SPY were 2.47, 3.08, 3.22, 5.07 and 7.10. The hi-lo for the week was a measly 7.25. In spite of that, last week's 435 long straddle was a slight winner although it definitely was nerve wracking until Friday. Having short premium certainly would have worked better. The SPY 17Nov23 441 straddle is almost exactly the same price as last week's 435 straddle, checking in at 5.65. There is much more news this coming week. CPI comes out at 8:30am ET on Tuesday, followed twenty-four hours later by PPI and U.S. Retail Sales. On the 16th Industrial Production comes out at 9:15 am ET. Housing Starts comes out at 8:30am ET on Friday. HD releases earnings before the opening on the 14th. CSCO releases after the close on 15th. WMT, M and BABA release before the opening on the 16th, with AMAT releasing after the close.