Look at your one-year chart and tell me if you agree that the SPX may be creating a 2600 to 2800 horizontal range. With today's volatility it could trade anywhere inside this range with periods of less and more volatility.
Craig
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6 comments:
I was looking at the SPX August 2015 to April 2016. There was a lot of see-sawing within a wide range. Would you agree that it does look a bit similar?
Yes. When the lows have stopped getting lower, we'll recognize stability in the market and then look for either sideways movements or gradual higher highs.
If this week ends up with a higher high (above Mar 27) we may be seeing the stability most are hoping for.
Craig
Sideway it is...
It may come the kingdom of IC
With the volatility we might even stagger the calls and puts as prices reach lower points, puts, and higher points, calls.
Craig
I am missing Craig's comments....
Same here, Mario. I really miss the way Craig managed options Inventory that using Greeks. No one at TDA using that style at all.
Hope Craig is ok. May be he is just too busy with his new career. Wish him the best.
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