The SKEW still remains elevated. And VXST is still above VIX. Strange for such a bullish couple of days! Everything else seems rather bullish.
Today was a rodeo ride if you take into account the overnight market from the election. I don't need to rehash it here, but it was wild...
I closed the SPX 2060/2050 put spread expiring today for 30 cents (sold originally for 80 cents) in the first moments of trade this morning. I didn't want to take any risk after last night's follies.
I also sold a normal size position on the SPX Dec2 2200/2210 calls for $1.70. And because the market is very strong, I bought a 2180/2190 call spread for $3.20 that expires on Nov21.
I still have the small call spread at 2155/2165 that expires Nov30 - I moved this out Monday for 20 cents.
We still have the NDX 4720/4710 and the SPX 2100/2090 put spreads to expire this week, also.
With all these positions, we should be able to play just about any movement for some profit. We just need a bit of back and forth action.
