The SPX fell almost 0.85% today, and the tech sector also got hit with the NDX down 0.8% also.
Volatility continues to rise, but the SKEw remains low. Further downside this weak maybe limited, but January could get nasty as this final week of the year is a good barometer for the rest of January.
I had to move the SPX Dec28 put spread at 2260/2255 out to Friday for a debit of $2.00. Everything else is ok, and it would be ideal if the market treads water at these levels for the rest of this week.
This has been a difficult month to trade with volatility so low and the market refusing to retreat. January should be much better and I will look to increase bear call spreads on any bullishness this week.
