Wednesday, October 30, 2013

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 as well as the 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



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