Today was the first trading session of the week where the market didn't obey the rules. Instead of closing smack in the middle of the daily range, the $SPY closed sharply lower. But in 2015 fashion the market was able to spike higher into the close to finish OTL -off the lows.
There were quite a few option trades that had my attention today. I shared most of them in the News portion of the chat room. I'll go over them as well as others that have piqued my interest below. During market hours I post them right as they occur outside of the main chatroom to keep it clean and it also helps keep a nice record of the data. Some of the bigger, more important trades I post in both chatrooms.
As the VIX rockets out of "The Wedge" trader(s) position for increased volatility. How bout them VIX June and July 20's?
For the WYNN
How bout them $WYNN calls? Quite a few in the chat room had them from pennies to dollars. The $107 strike was $.05 offer all week and soared to $2.74 today.
Let's get into today's option action.... Some individual names. Bullish action first