Roku could be the scariest name in trading for Halloween.
This market is ready for another bout of volatility as we head into October, a month notorious for its routs.
The market moves to a short-term overbought condition on Thursday, breadth has been positive, and the intermediate-term indicators are still positive, so I expect a dip or a pullback, and then we rally again.
For the second day in a row, the indexes appeared mild while action below was messy, then a late buy program jammed them to the highs of the day.
These SPDR S&P 500 ETF calls are super cheap.
This market seems to have a strong pull higher.
Using the real-life stock of Advanced Micro Devices, we'll see how covered calls and a ratio call spreads can change the risk-reward ratio.
We've got some far out readings and we could brush them off as outliers ... but here's what happened when I did that once in late 2007....
The VIX appears unlikely to fall back near 12, but a big explosion higher isn't backed up by the indicators yet, either.
Look for the S&P 500 to make a run at 3000 by Labor Day.