July 21, 2017

New Theta Driver Trade!

Keeping it short tonight. I will be back with the HPMR indicator tomorrow.

I placed a trade in the new Theta Driver options strategy.

Here is the trade:

(click to enlarge)

I will be back later tomorrow with details.

Summary

SPY remains range-bound!

Nothing New Here: Not much has changed over the past few weeks – range-bound trading persists. It appears we could see the markets move sideways for a few more months. Are the summer doldrums already upon us? How long can SPY stay in this range of roughly $126 to $137? The question is, while I continue trading extremes in the HPMR strategy , how can I take advantage of the range bound movement at the same time. You guessed it – a credit spread! I will discuss this further in Weekly Options Report.

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