SPX went up 1.35% over the week entering in positive YTD 2016 at +0.28%. Russell 2000 is down -3.10% YTD and Bellini is down -4.18% after we get full premium from the PS 1745/55 SPX March expiration.
We closed 2 May SPX PS 1475/1500 at 0.35 adding some value to our 2016 YTD as well.
We entered a new July30th position Call Spread 2 SPX 2200/2250 at 2.5, now is 12 Deltas and 131 days left for Expiry.
We still hold 5 SPX April 1690/1700 at 99% of ending worthless and the June30th Call Spread 2 SPX 2175/2200 that at 13 Deltas need our attention this week case is is threaten, just 6% away from current levels.
VIX is at 14 low enough to see some support here and help SPX get some rest.
SPX is getting at resistance on the 2060/2080 area as it is on its way on one of the last stongests move up ever.