|Sept. 9, 2016||2179.25||2189.25||2113.25||2114.50||6.5|
|Sept. 16, 2016||2115.25||2156.00||2100.25||2130.50||17.0|
Commentary for last week
SP500 index mainly had a consolidation move between 2160 and 2110 range and tried to balance out prior Friday’s heavy selling. A small triangle pattern possibly has been formed.
Last week’s trades
Not much profit last week.
The price touched Nat’s trigger for selling Puts overnight Sunday, but as soon as the day session opened the market bounced sharply from the overnight lows and marched up 50+ points, which killed any interest in the 2055 Puts we were trying to sell.
On the upside, traders are very leery of the upside at this level, and the quick reversal from the high killed any interest in our 2195 Calls. We shoulda stood in bed.