Benzinga's Options Outlook for the Week of June 17

SPY continues to pingpong back and forth in major consolidation with no follow through via the major financial components such as GS JPM C. We've seen a steady rise in volatility as you can see via the VIX, although this does not mean easier trading for retail traders. The techs, such as AMZN AAPL GOOG PCLN have been gearing most of the volatility with high flying moves each day, all scalp worthy but not daytrade or swing worthy. Be careful buying into high volatility times because this is how market makers will take your money while you are banking on a bigger move in the stocks, holding for too long. Make sure you pay attention to the components and whether or not they are moving any better. Expect more chop in the coming weeks, possible fake move to the highs, as well as a fake move to new lows. This market is prime to take traders money. Stay tuned for more.