Option trades – week of Aug. 15, 2016

Last week

Week endingOpenHighLowCloseVolume
(million)
Aug. 5, 20162174.002178.502140.502177.507.9
Aug. 12, 20162176.002185.252167.752181.256.2

 Commentary for last week

SP500 index moved sideways and had the narrowest weekly range since Sept 2014. Even though it made all-time highs last Thursday, the lack of momentum carries a caution sign.

Last week’s trades

160812-ES-60

ESU6 Aug. 12, 2016. 60-minute bars.

No option trades this week. The 18-point weekly range was not enough to generate the “irrational enthusiasm” that makes for profitable option sales.

Nat’s trigger prices were not reached and we stood aside.

This week:

Member content

This section contains the detailed option trades for this week. It is reserved for paid subscribers.