Just when you think that there is no more upside to the SPY, it swings a curve ball at you and you are left guessing. So It seems like there is going to be a bearish sentiment very soon, and from the looks of it, it probably would not be able to breach the all time high, at least not this week I think.
That said, I am gonna sell a Call Spread and see if I can get it tonight. Otherwise tomorrow it will be the usual GLD hunting. :) Which is a lot riskier of course.
I am thinking $149.5/150.5 for a premium of $0.04. I know that I might never get it. But who knows what the market is capable of doing these days. :) Hopefully I get the trade.
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