Last week
| Week ending | Open | High | Low | Close |
|---|---|---|---|---|
| Feb, 19, 2016 | 1865.25 | 1933.50 | 1865.00 | 1914.5 |
| Feb, 26 2016 | 1911.00 | 1968.75 | 1886.75 | 1941.25 |
Commentary for last week
SP500 index had a continuation high move last week. It touches resistance at 1950 on Thursday and Friday. It wasn’t able to close above 1950 on Friday’s closing and gave out a candle reversal even though it had a net gain for the week.
Last week’s trades
Option trades. ESH6 Feb. 26, 2016. 60-minute bars
The market made one attempt to drop through the 1890 support area in the middle of the week but quickly rallied to make a higher high, and closed with a modest gain for the week.
Our Put trade entry points were never hit and we had no trades on the Put side.
For the Calls, our trigger price — which partially coincided with Nat’s meanline — was hit early and again later in the week. We managed to sell Calls with strike price at 1985 at a modest premium.
The Calls expired OTM and we kept the entire premium.
This week
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