Condor Timing Report for Week of May 22, 2017

By Steve Lentz

As the below video explains, Friday’s SPX action was that of an Upswing following Thursday’s Downswing day.   This occurred while the 15-3-3 stochastic is in a Downtrend between 10 and 50 and the SPX is trending upward above its 50-day simple moving average.  This market condition has occurred 48 times since January 2000.  Our research indicates that, statistically speaking, it’s more likely than usual that Friday’s bar will end up being slightly favorable for market neutral option premium selling. Three reports are included in the video:  The SP 500 Condor/Butterfly Timing Report, the SP 500 Bull Put Spread Timing Report and the SP 500 Likelihood Report.  Both use market research unique to DiscoverOptions.

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