NaughtyPines

SPY -- GOING NOWHERE FAST; MID-MARCH TO PRESENT RANGE INTACT

FX:SPX500   S&P 500 index
We're still here ... . Locked in the same range we've been in since mid-March between 2040 and 2137 and basically, smack dab in the middle of that.

Unfortunately, the volatility here in SPY at this moment is less than awe-inspiring (TOS 52-week at 22), with other index ETF's but modestly better (DIA, 36; QQQ, 33; IWM, 34).

Assuming a measure of volatility returns (to 35+), I'll be back in bearishly skewed SPY iron condors with the same old strike prices: short call vert side at or above 214, short call vert side matched in a delta neutral fashion ... .

It's boring but that's where the market's at ... .

Note: I've opted to change to ThinkOrSwim's 52-week IVR. This is because I frequently use Dough's "grid" feature, which sorts underlyings by TOS 52-week IVR

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