There are 25 days before the July options expire, 60 the August and 88 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 0.3% from the prior close. During the day SPY traversed 2.1% high to low in a net move down of 1.5%. Friday's extremes: Open $113.12, high $113.20, low $110.79, close $111.41. SPY traded both above and below the DeMark pivots and closed within their range. The next DeMark pivots are $109.90-$112.31. In total, 2.9 billion shares were traded on the three major U.S. stock exchanges, down 20.3% from the prior trading day. Econ reports: Existing home sales will be released at 10 a.m. Eastern, with new home sales scheduled for Wednesday. Also Tuesday, the FHFA house price index will be released at 10 a.m. | 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.
Good trading!
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