Hello everyone! Today i want to share some trading analysis with you!
1.
Well ... looks like the "Santa Rally" is not happening this week. Still have 1.5 weeks to go, but today's market price action is not very supportive. Good thing we didn't load up on calls yet.
That VIX call skew won out over Santa. We might all be getting coal and not presents for Christmas.
$.SPX(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$
2.
And that is why we don't trade much in terms of optionselling on FOMC week ... the move can hurt really bad if you guess the wrong way. Better to sit it out and wait for Friday or next week before entering into new positions.
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