#macro #trend #SP500 $ES_F Naked Calls : entry #2

With 10 days left to expiration, the previous 2905 /ES naked call has about zero chance to finish in the money.  SP500 is having an uptrend day thus providing a chance to renew the short position. This is a macro-trend trade based on the idea that in rising rate environment SP500 has a limited potential for a rapid appreciation.  In this case,  theta decay is the right instrument to play around.

Exec Time	Spread	Side	Qty	Pos Effect	Symbol	Exp	Strike	Type	Price	Net Price	Order Type
6/1/2018 11:47	SINGLE	SELL	-1	TO OPEN	/ESU8 1/50 JUL 18 (Wk3)	/EW3N8	2915	CALL	1.1	1.1	LMT