Bobbie 8:14 am on Friday, March 18, 2016

Any thoughts on this trade…

Any thoughts on this trade for next week’s expiration – SPX 2085/2105 .50cr?

Jeff 8:25 am on Friday, March 18, 2016

My thought is that under the Upside Warning the VIX has given us, and the relentless upside move, that we cannot be confident of any call spreads below 2120. Surely, there will be a point that we start moving sideways or move up more slowly, and Monday could be that start. If you sell it, you should probably use a tight stop.
- Bobbie 8:41 am on Friday, March 18, 2016
  
  thanks, Jeff

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