spys trade 138 before they trade 127

i see little chance they let greece out of euro in a hurry, and china has plenty of dough to infuse.  plenty of people have acknowledged election year angle...

So you see a 5% move before July?

that june 17 election seems to be in favor of the pro-bailout party now, according to latest opinion polls i saw, so i certainly do not want to be short near term upside.  if market slows and summer gets here, i could see a drift up as opposed to the downside.  still lots of cash on sidelines and a lot of hedge funds maybe got away with being behind the s&p 1st Q rally - but will they stay on sidelines if another starts?  I'm a long term bear.....just a short term potential bull with less fear of short term downside to justify current vol and skew levels.

Economics 101.

haven't played the weather angle, but it'll give me something to look at during the early morning rally....until spain throws up on themselves.

eem, sell sep 42/44 call spread at these vol levels against existing spy short july put spread. 

gl to all.

skew has been hit pretty good in most index products but there still seems to be a free put offered by world QE...roll out the july 126/128 short put spread to august...same strikes or maybe sell the 129s instead of 128s.  uso put spreads from 28 and down look safe to sell as well, but i stay out of commodity based things for the most part.

last post on thread as this was just looking to help those here who may trade these products (and this thread doesn't seem to be resonating with anyone, which is fine)...weekly spy aug 135/ 137 ps is small collection as a sale, but worth it if you also have above listed trades.  15 to 20 % return should be everyone's goal.

Good call..

yeah, i look more at option flow both listed and OTC to see if there are some barriers or gamma that can move us thru or stop at a strike if we happen to get there.  i have no skill at direction, just try and win at speed of any direction.

gl to all.