Options for Apr. 27, 2015

Commentary on last week


ESM5 Aor. 24, 2015 60-minute bars

The ES made a nice bonce last week, fueled in part by good earnings reports from a handful of large companies. It totally recovered the loss from the previous week and closed near the high of the week and the high of the previous week.  A resistance area is forming around that high, near 2115-2117.

Last week’s trades.

The Puts we sold with strikes below 2055 all expired worthless and the full premium was profit. The Calls we sold with a 2110 strike were exercised for a loss of 1.75 minus the premium collected. The Calls at higher strikes all expired worthless and the full premium was profit.

This week:

This week could be volatile. The Federal Open Market Committee’s (FOMC) latest policy decision is due on Wednesday, a big batch of earnings reports will be released during the week, and the ES monthly and weekly options will expire on Thursday and Friday. Expect to see some price swings.

Member content


Comments are closed.