TRADING WEEK NOV25TH-NOV29TH
There will be only 3 1/2 trading days this week with Thanksgiving coming this Thursday. Last week had a fair amount of volatility, mostly upside volatility. The intraday trading ranges for SPY were 4.15, 7.01, 6.13, 7.67 and 3.0. The hi-lo for the week was 12.12. Consumer Confidence and New Home Sales come out at 10:00am ET on the 26th. Personal Income, Personal Spending and the PCE Index come out at 8:30am ET on the 27th. The PCE Index is the favorite barometer of inflation for the FED. I went with the SPY 29Nov24 596 long straddle at 5.70 despite the truncated week. BBY and M release earnings before the opening on the 26th, with HPQ releasing after the close. ADM and KR release before the opening on the 29th.