10/29/2013 Tues

SPX    Standard & Poor’s 500 Index

The markets are looking a bit stagnant and we could see the market overall sell off moderately into the later part of the week with both PPI and CPI as well as Retail Sales coming up tomorrow and Wed beyond that are Thursday's always welcomed “Jobless Claims” due out Thurs morn The low volatility always offers a cheap play with a great return in case of any hic ups along the way.

IV Nov Weekly’s  12%

Look to buy the  1750/1730 Nov Weekly Put Vertical  for 2.25 or better with SPX at or below 1770

Risk $225 Reward $1,775

Open Int. (est.)       strike                     Nov 13 Weekly (3)

1700                                   13,500

1705                                     5,500

1710                                     4,200

1715                                     2,650

1720                                   10,800

1725                                   20,500

1730                                      8,850

1735                                      5,000

1740                                   10,500

1745                                      5,800

1750                                    12,500

1755                                      2,850

1760                                      4,750

1765                                      5,350

1770                                      5,125

1775                                      3,750

*Disclaimer: This is not a recommendation. All trading entails risk. Anyone employing any strategies and having limited knowledge of options trading should consult with a FINRA licensed professional.