Last week
| Week ending | Open | High | Low | Close |
|---|---|---|---|---|
| Feb, 26 2016 | 1911.00 | 1968.75 | 1886.75 | 1941.25 |
| Mar. 4, 2016 | 1943.00 | 2007.50 | 1920.75 | 1994.75 |
Commentary for last week
SP500 index moved above last December’s low at 1993.26 for testing and had a third week of gains. The price action was bullish, and option traders helped to hold the index up.
Last week’s trades
ESH6 Mar. 4, 2016. 60-minute bars
The ES made a strong rally last week, and broke above the strike price for two of the Calls we sold.
But a retracement on Friday pulled the price back down below the strike — by one tick! — for the close, and all of the options we sold expired out-of-the-money, allowing us to retain the entire premium.
However it was a scary week to trade and some traders covered Friday ahead of the close. They may have suffered losses as a result.
This week
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