domingo, 2 de junio de 2019

Options Strategy Monthly Analysis June 2019

SPX has dropped 200 points since May post. Markets are no doubt oversold looking at the Estotastics. 200 EMA has been perfored and real support is as far as 2350 level,  Would expect the market to explore 260 and find some support there (50% Fib from the lows and zone where has been reactions on the past)

We opened a Put Spread SPX 28th June 2540/50 on 16th May as soon as SPX were in oversold position. 4 weeks til expiration now. We follow and baby sit accordingly.

Taking a look to the volatility index $VIX we see trand to higher levels, so will aim to see 2650 to enter new positions for August and September

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