Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

SPY Expected to Move AFter Elections

|Includes: SPDR S&P 500 Trust ETF (SPY)

-Although SPY ended the weak flat, the dips mid week and low implied volatility on options allowed the opportunity to buy Nov 117/121 call spread for under $2.00. The spread closed at $2.10 on Friday.
-Technical indicators are still bullish, but the energy seems to be slowly dissipating.  Yet, I would look to add to long position should SPY close above 119.2, or close out my spread should SPY close below 116.9.