Options – week of Jan. 25, 2016

Last Week

Week endingOpenHighLowClose
Jan. 11-161909.251946.501849.251876.50
Jan. 22, 20161869.751907.501864.251899.25

Commentary for last week

SP500 index broke last year’s low during intraday trading and bounced from it strongly in the last two days trading last week. The index had an extremely short-term oversold condition before last Wednesday. The oversold bounce pushed the short-term indicators back near neutral territory.

Last week’s trades

160122-ES-60

Option trades for the week ending Jan. 22, 2016

Nat’s triggers for selling both Puts and Calls were hit last week, and a nimble trader — very nimble — could have profited from both.

Unfortunately the best price for Calls was only briefly available before the ES began falling sharply on Tuesday.

The premium for Puts was available for a little longer, and was much easier to get filled.

Both Puts and Calls expired out-of-the-money this week and we retained the entire premium for both trades. Click to enlarge the chart for details.

This week:

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