SPDR S&P 500 (SPY): I wasn't in puts. Bought calls this AM o...

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Re: Mma20 post# 191738

Thursday, 03/24/2016 3:51:31 PM

Thursday, March 24, 2016 3:51:31 PM

I wasn't in puts. Bought calls this AM on the gap down.

This is still no mans land imo. This run (read brisk walk-up) has been on thin volume. I remain unimpressed by the markets to the up or downside. The risk reward is not apparent, so cash heavy I remain.

Saying 210 is just as easy as saying 195. I don't find a compelling case for either. There's no big paper at work. Volume is anemic

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