TRADING WEEK NOV18TH-NOV22ND

There is still some nervousness regarding inflation. That sent the market downhill at the end of last week. The intraday trading ranges for SPY last week were 3.17, 4.88, 4.27, 5.16 and 6.34. The hi-lo for the week was 16.31. Tuesday through Friday there was some decent gamma scalping opportunities. Then the big move down at the end of the week was icing on the cake for the long straddle position. This week's straddle was 8.90. That seemed a little pricey for a week with Housing Starts being released at 8:30am ET on the 19th and Existing Home Sales being released at 10:00am ET on the 21st. Not exactly major news events. I went long with the 22Nov24 586 call butterfly at 0.75. WMT releases earnings on the 19th before the opening. TGT releases before the opening on the 20th and the big monster, NVDA, releasing after the close. INTU releases after the close on the 21st. ADM releases before the opening on the 25th.