TRADING WEEK OCT 7TH-OCT 11TH
While there were not any big numbers until Friday of last week, there was still a fair amount of volatility leading up until Friday. The intraday trading ranges for SPY were 6.30, 8.06, 4.63, 4.31 and 5.26. The hi-lo for the week was 9.03. CPI comes out on the 10th, followed twenty-four hours later by the PPI. Last week's negative gamma long time value spread was a wash since it expired on Thursday and moved closer to the strike price on Friday. I'm going with the 11Oct24 573 long straddle at 8.90. It's a tough choice since it is expensively priced. PEP releases earnings on the 8th before the opening. WFC releases before the opening on the 11th.