Trading in Luxury

SPY preview Wk of 5/30/22, 1st wk expiry for June/2022, fri 6/03.
Mon May 30 Memorial Day Holiday, US market closed.

Options pricing +/-$10.00 move, +/-2.40%, last fri close 415.26, possible range of 405 to 425 for this week.
Option volume, open interest for puts, calls, indicate 380 to 420 range could hold.

The month open for May was 412.07. May usually a red month. With last week close, heading for a flat month.
 
Fri buy XLU shares, for next Fri expiry sell CALL strike between 0.25-0.50 OTM.

If XLU finishes BELOW the strike price of the option, You keep the
option premium brought in from selling the covered call and you keep your shares.

Right before the close, buy back your call options at next to nothing
and then sell another covered call for the next Friday.

If XLU finishes the week ABOVE your strike price, let your shares get called away.
Then buy more shares and sell the next Friday’s option.
 
SPY preview Wk of 6/6/22, 2nd wk expiry for June/2022, fri 6/10.

Options pricing +/-$10.00 move, +/-2.50%, last fri close 410.54, possible range of 400.50 to 420.50 for this week.
Option volume, open interest for puts, calls, indicate 380 to 420 range could hold.

The month open for June was 415.17. June usually a green month.

May usually a red month, was flat, open 412.07, close 412.93.
 
SPY preview Wk of 6/13/22, 3rd wk, monthly and quad witch expiry for June/2022, fri 6/17.

Options pricing +/-$13.50 move, +/-3.50%, last fri close 389.80, possible range of 376.50 to 403.50 for this week.
Option volume, open interest for puts, calls, indicate 340 to 400 range could hold.

The month open for June was 415.17. June usually a green month, so far it is red.
 
SPY preview Wk of 6/20/22, 4th and last wk expiry for June/2022, fri 6/24.
Market closed Monday 6/20 for Juneteenth Holiday.

Options pricing +/-$11.50 move, +/-3.15%, last fri close 365.86, possible range of 354.50 to 377.50 for this week.
Option volume, open interest for puts, calls, indicate 340 to 380 range could hold.

The month open for June was 415.17. June usually a green month, so far it is red.
 
Nobody can predict interest rates, the future direction of the economy or the stock market. Dismiss all such forecasts and concentrate on what's actually happening to the companies in which you've invested. - Peter Lynch
 
SPY preview Wk of 6/27/22, 1st wk expiry for July/2022, fri 7/01.

Options pricing +/-$11.00 move, +/-2.80%, last fri close 390.08, possible range of 379 to 401 for this week.
Option volume, open interest for puts, calls, indicate 350/370 to 400 range could hold.
Lot of put volume at 285 strike.

The month open for June was 415.17. June usually a green month, so far it is red.
 
SPY preview Wk of 7/04/22, 2nd wk expiry for July/2022, fri 7/08.
Monday mkt closed for 4th of July Holiday.

Options pricing +/-$9.50 move, +/-2.50%, last fri close 381.24, possible range of 371.50 to 390.50 for this week.
Option volume, open interest for puts, calls, indicate 350/370 to 390/400 range could hold.

The month open for June was 415.17. Close was 381.24, June usually a green month, this time it was red.
 
SPY preview Wk of 7/11/22, 3rd wk, monthly expiry for July/2022, fri 7/15.

Options pricing +/-$9.50 move, +/-2.50%, last fri close 388.67, possible range of 379 to 398 for this week.
Option volume, open interest for puts, calls, indicate 380/390 to 390/400 range could hold.
Tight range close to the money puts and calls, could see a choppy week.

The month open for July was 376.32. July usually a green month.
 
SPY preview Wk of 7/18/22, 4th wk expiry for July/2022, fri 7/22.

Options pricing +/-$8.80 move, +/-2.30%, last fri close 385.13, possible range of 376.50 to 394 for this week.
Option volume, open interest for puts, calls, indicate 370/380 to 390/400 range could hold.

The month open for July was 376.32. July usually a green month.
 
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