Market reached new high today after this morning's better than expected jobless claim report. S$P touched 1703 and closed above 1700. Tomorrow morning's unemployment report is expected to provide more volatility. It's likely to push the market higher.
I didn't follow my Fed day plan completely yesterday. I was supposedly not to enter any ES option trade until there is a clear direction. I forgot there was a jobless claim today only thought the unemployment report on Friday. based on the assumption I was thinking I had enough distance for a 1710 call sale. I am setting an exit price for this short at 50. I may have to take assignment if the market pops after the report at 8:30. It's only 8 points away tonight.
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