Retail sales will set the tone early tomorrow followed by consumer sentiment, but it’s the close that I’ll be watching. Will the recent bullishness, suggesting a gap fill of 2/3 in the $SPY hold going into a three day weekend? Combine that with option expiration next week and all the geopolitical events occurring and there’s
Trading SPX Opex Week
I love to trade options expiration week and thought I would share one of my strategies that involves credit spreads. I choose the $SPX because it’s what the IRS calls a “broad-based index” and thus is taxed at a 60/40 rate where 60% of my gains are treated as long-term capital gains. I like to