It was slow week for us at SPX Option Trader. Due to volatile market conditions and the FOMC meeting we only traded 1 day in the SPX Daily Outlook and 2 days in the SPX Spread Trader.  The FOMC meeting and market conditions caused us to sit on the sidelines for most of this week. We ended this past week with -40% ROI in our SPX weekly option trading, -37% ROI in our SPY weekly option trading, and +7% ROM in our SPX Spread Trader. The lack of trading days this past week may concern some. However, when the market is extremely volatile and we see such huge gaps at the morning open as we saw this last week, we prefer to sit on the sidelines. There are certainly opportunities for profit for those traders who can tolerate the higher risks, and that is why we provide the Outlook each day. This last week we hit our 1^st target level in both SPX and SPY each day of the week. But we have found that overall, it is better to wait and only trade when conditions are most favorable. As we stay consistent, we achieve success. We look forward to more trading next week. Below are our comments for each trading day of this week:

As a reminder, the markets are closed Monday, June 20^th. Normal trading activity will resume on Tuesday, June 21^st.

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