Did just one trade today, sold 1x 1320 puts for expiration at 15 July for 8,75 points.
My thinking is that the risk on from last week will extend towards the NFP report out Friday. That will be the next big event risk in my opinion.
We need to see a recovery in the US jobs market to see any new yearly highs in the S&P 500. The latest trend of the US data have been for a slight recovery, meaning the weak set of data that we seen for a few months is about to reverse for the better. Seems like the market is pricing in a decent NFP report now. Another weak number would definately cause the biggest potential move.
The updated trading log can be seen here
Good luck
Daily blog with thoughts and comments on the futures and forex markets through the eyes of Per-Erik Karlsson, Ceo at Avantage Financial, Switzerland.
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