With most of the main indexes rallying the last few days the BB squeeze is playing out and the BB are widening. Holding off from trades the last few days has helped keep us from being way behind right now. The markets may continue to rally over the next couple days but I feel a pullback is due soon and I have opened bear call spreads on all four indexes. Here are the trades:
Sold forty SPY Jul2 14 1940/1945 Bear Call spread for a total initial credit of $14.00
Sold four RUT Jul 14 1170/1180 Bear Call spread for a total initial credit of $13.60
Sold two NDX Jul 14 3775/3800 Bear Call spread for a total initial credit of $18.40
Sold forty DIA Jul 14 169/170 Bear Call spread for a total initial credit of $14.00
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