I see targets both above and below the opening price of the S&P today. I'm day trading using OEX 550 puts, VIX 19 calls, and hedging these with long e-mini futures.
My UUP position is up well today. The dollar is starting to look impulsive to the upside. A lot can change obviously, but it's a start. My market bias therefore is still to the downside, but I recognize the market will likely proceed higher after a correction, should one materialize.
Regardless, OEX options expiring today are cheap. Today is a day to trade.
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