Options- week of March 14, 2016

Last week

Week endingOpenHighLowClose
Mar. 4, 20161943.002007.501920.751994.75
Mar. 11, 20161994.502022.251967.252011.75

Commentary for last week

SP500 index had a strong gain in price as well as breadth and sentiment last week. It could result from the ECB decision to cut interest rates further and institute further QE. In any case the trend remains positive.

Last week’s trades

160311-ES-60

ESH6 March 11, 2015. 60-minute Bars.

There were no option trades last week. The market was range-bound until Thursday, when a little volatility connected to the ECB announcement and the imminent rollover to the June contract moved the markets a little.

But none of Nat’s trigger points were reached until late Friday when there was virtually no time premium in the prices for Calls and so relatively little profit in selling them.

This week may be more exciting, The FOMC meets this week and speaks on Wednesday, and there are option expirations on Wednesday, Thursday and Friday, and the March futures contracts expires on Friday.

This confluence of events is often bullish, but if you are trading options this week be cautious.

This week:

Member content

Sorry. This section contains the specific buy/sell levels for this week, and is reserved for paid subscribers.

You can get instant access for as little as $9 a month by clicking the “Join” link in the upper menu bar.