There are 26 days before the July options expire, 61 the August and 89 the September.
On the jump, market stats, econ reports, trading calendar and a good book...
Stats
Blue chip stocks (SPY) closed the latest regular session down 0.4% from the prior close. During the day SPY traversed 0.7% high to low in a net move down of 0.1%. Friday's extremes: Open $111.83, high $112.13, low $111.37, close $112.13. SPY traded entirely within the DeMark pivots. The next DeMark pivots are $111.17-$111.93. In total, 3.7 billion shares were traded on the three major U.S. stock exchanges, up 26.6% from the prior trading day. Econ reports: There are no economic reports scheduled for release. On Wednesday, the FOMC makes its post-meeting statement, and GDP will be released on Friday. | Everything you need to know about the economic indicators that drive the markets. From the staff of The Economist. |
Trading Calendar:
By my rules, at this point in the cycle I can trade July covered calls, iron condors, butterflies, and diagonal, calendar and vertical spreads. Also, August single calls or puts. Shares, of course, are good anytime.
Enjoy the weekend!
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