There are 24 days before the October options expire, 59 the November and 87 the December.
On the jump, market stats, econ reports, and the trading calendar . . .
Stats
Blue chip stocks (SPY) closed the latest regular session down 0.2% from the prior close. During the day SPY traversed 1.2% in a net move down of 0.3%.
The day's extremes: Open $114.30, high $114.84, low $113.51, close $113.98.
SPY traded entirely above the DeMark pivots. The next DeMark pivots are $113.08-$114.41.
In total, 3.2 billion shares were traded on the three major U.S. stock exchanges, 8% more than the prior trading day.
Econ reports:
The biggest thing on the menu is the weekly petroleum inventory report, and it's usually a mover only for the energy sector. Out at 10:30 a.m. Eastern.
Otherwise, small fry: Mortgage bankers purchase applications, a leading indicator for housing, at 7 a.m., and the FHFA house price index, at 10 a.m.
Trading Calendar:
By my rules, at this point in the cycle I can trade October covered calls, iron condors, and diagonal, butterfly, calendar and vertical spreads. Also, December straddles and single calls or puts. Shares, of course, are good anytime.
Good trading.
Abbreviations:
- psar - Parabolic Stop and Reverse
- adx - Average Directional Index
- pps - Person's Proprietary Signal
- ma20 - 20-day moving average
- macd - Moving Average Convergence-Divergence
- sto - Fast Stochastic
About the glance: The colors indicate the state of each signal.
- trend: Determined by the 5-day moving average, green for up, red for down, yellow for sideways
- adx: orange for above 30-up, blue for 20-down, purple for in the middle. Red is most prone to whipsaws
- psar, pps, macd: green for bull mode, red for bear
- sto: green for overbought, red for oversold, yellow for the neutral zone.
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