Holidays are here meaning no volume in the markets. Everybody is taking it easy. Bout to spend the break in Vegas with family. Anyways trying to close some positions and take some profits before the new year. Hopefully hit some limit orders tomorrow with BAK, and AAPl.
Thinking about an options trade right now. The s&p 500 has been trading in somewhat of a range, with the ceiling a 1121. Thinking about making a straddle option play on SPY, hoping for some volatility at the start of the new year. Everyone's been saying once we break out of the trading ranges, whatever direction we go in, it should be a big move. So I'm gonna position myself with a Feb straddle. Somewat cheap and should be enough time for the markets to chose wat direction to go in.
happy holidays.
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