April 28 - May 2 : The Week of Great Volatility

[cszulc]

Quote from HedgefundTrader2:

Still buying SPY puts? How beautiful.

Yes, especially with the low-vol on them. Picked up SPY 142 Puts for only $0.50 in time premium.

 

[cszulc]

Quote from frank grimes:

s&p needs to close above 1400....we shall see, I personally could care less.

Absolutely agree with you. The high on Friday was 1399.11, so I couldn't be more bearish now unless we pass through, close at, and stay above 1400.

 

[cszulc]

The ES front month still hasn't broken out. It is forming a type of a rising wedge to me. Could also be looking at MA cross if we stay in a tight range. The unordinarily high volume on Friday could signal the top as well here as notated on the chart.