Option trades – week of May 31, 2016

Last week

Week endingOpenHighLowClose
May 20, 20162041.252069.502022.002050.00
May 27, 20162053.252098.752041.252098.50

Commentary for last week

SP500 index broke its short-term downtrend channel resistance line and triggered short-covering move last week.

Last week’s trades


ESM6 May 27, 2016. 60-minute bars.

The ES opened the week above the trigger for selling Puts and never offered an opportunity to enter on the low side.

Once the price broke above Nat;s trigger for selling Calls (2070) there was enough “irrational exuberance” to allow traders to claim decent premiums for Calls.

The ES closed Friday below our first strike price at 2100 and all the Calls expired OTM, allowing traders to retain the entire premium. .


This week:

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