Very strange week for the SPX, moving in a narrow range from 2154 to 2170. There is no apparent reason for the markets to fall. The markets look bullish.
Despite this sentiment, still with the same last week positions, all bearish.
The SPX 2225/50 is my biggest concern, just 2.45% of being in the money and Delta 25. I promised to close it last week and didnt, Always that wrong sense the markets have to correct, they will but not when I want.
That must be my trading plan for the week. Close the CS acept the losses and add a new further OTM in order to minimise the loss.
Vix at 11 made another very low level