1/25 Lookahead

Blue chip stocks (SPY) ended today's drop within the mid-November to mid-December area of sideways congestion. In terms of the price technicals, the price could move either way, or barely budget.

One economic report, existing home sales, is due for release on Monday, at 10 a.m. Eastern. Wednesday is the key day with the FOMC meeting and announcement, and in the evening President Obama's state of the union address.

On Monday, the February options are 25 days away from expiration; March options, 63 days; and April options, 81 days.

I'm trading February calendars, diagonals, verticals and covered calls. Individual stock option trades are generally for April expiration.

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Topics:
S&P 500, SPDR, Spiders.