Weekend Market Update

Looking At Near-Term Upside Potential In The S&P 500

SPDR S&P 500 ETF Trust (SPY) Options Trade Ideas

Buy the (SPY) Mar 20 $210 call for $3.15 or better

Stop loss- $1.45

1st upside target- $6.00

2nd upside target- $8.00

And/Or

Sell the (SPY) Mar 20 $204/$205 bull put spread for a $0.20 credit or better

(Sell the Mar 20 $205 put and buy the Mar 20 $204 put, all in one trade)

Stop loss reference- A move below $205 in the ETF

Upside target- $0.05 or less

Maximum gain potential- 25%

Notes: I’m long (BGCP) shares for $9.14 each and Aug $7.50 calls for $1.80 each.

Domtar Holdings (UFS) Options Trade Idea

Buy the (UFS) Apr $45/$50 bull call spread for a $1.50 debit or better

Stop loss- None

1st upside target- $3.00

2nd upside target- $4.50

Weekly S&P Sectors ETF Performance: Technology (XLK) +3.77%, Materials (XLB) +3.04%, Energy (XLE) +2.78%, Consumer Discretionary (XLY) +2.67%, Industrials (XLI) +1.73%, Healthcare (XLV) +1.35%, Financials (XLF) +1.20%, Consumer Staples (XLP) +0.88%, Utilities (XLU) -2.99%

Various Asset Classes: Natural Gas (UNG) +7.97%, Nasdaq-100 (NDX) +3.67%, Silver (SLV) +3.18%, S&P 500 (SPX) +2.02%, Dow Jones Industrial Average (DJIA) +1.09%, Oil (USO) +0.77%, Agriculture (DBA) +0.73%, Gold (GLD) -0.56%, U.S. Dollar (UUP) -0.60%, Bonds (TLT) -2.12%, Spot Volatility Index (VIX) -15.04%

Economic Data (2/16-2/20)

Monday: No economic data

Tuesday: 8:30 A.M. EST- Feb Empire Manufacturing; 10:00 A.M.- Feb NAHB Housing Market Index; 4:00 P.M.- Dec Net Long-Term TIC Flows

Wednesday: 7:00 A.M.- Weekly MBA Mortgage Index; 8:30 A.M.- Jan Housing Starts, Jan Building Permits, Jan PPI, Jan Core PPI; 9:15 A.M.- Jan Industrial Production, Jan Capacity Utilization; 2:00 P.M.- 1/28 FOMC Minutes

Thursday: 8:30 A.M.- Initial Weekly Jobless Claims, Continuing Claims; 10:00 A.M.- Feb Philadelphia Fed, Jan Leading Indicators; 10:30 A.M.- Weekly Natural Gas Inventories; 11:00 A.M.- Weekly Crude Oil Inventories

Friday: No economic data

Earnings Reports (2/16-2/20)

Monday: No earnings reports

Tuesday: Before the bell- (AGIO), (ALE), (ACC), (CRY), (EROS), (GLF), (GPC), (GT), (ITRN), (LECO), (MDT), (MGM), (MNTA), (NHI), (PES), (TGH), (TTS), (UFCS), (USAC), (USAT), (VDSI), (WLT), (WM), (WRI), (WWW); After the bell- (A), (AAT), (AMC), (ANAD), (ADI), (CIB), (BRDR), (CF), (CHE), (XEC), (CIVI), (CLD), (DYSL), (ENLC), (ENPH), (EQY), (EXAC), (FE), (FLS), (FOSL), (RAIL), (HTS), (HR), (HTA), (IOSP), (IIN), (JACK), (JBT), (KALU), (KAR), (LZB), (MASI), (MEP), (NBR), (NP), (NCLH), (OMI), (PEB), (PHH), (PLAB), (PBPB), (PGI), (PSB), (RAX), (ROG), (SHO), (TEX), (TNH), (TIGR), (UCTT), (VMI), (VRNS), (VECO), (VNO), (WTS), (ZIXI)

Wednesday: Before the bell- (ALLE), (ANGI), (BCRX), (CNK), (CIR), (CRTO), (XRAY), (DVN), (DXYN), (DORM), (DUK), (DX), (ENBL), (E), (ETRM), (ENZY), (GRMN), (GEO), (GILT), (HL), (HLT), (HUN), (H), (I), (KNOP), (MZOR), (MDCO), (NI), (O), (SABR), (SBGI), (SIR), (SONS), (ELOS), (WAB), (YNDX); After the bell- (ACT), (AIMC), (CRMT), (AVG), (CAR), (BGS), (ABX), (BJRI), (CSLT), (CDE), (CVG), (CW), (CYBE), (DTLK), (DENN), (ELNK), (ETE), (ETP), (EVTC), (EOG), (EQC), (EXAM), (FNF), (FLR), (GOOD), (LOPE), (HT), (HY), (IAG), (IPI), (IPAS), (JRVR), (KEG), (KEYW), (LHO), (LDRH), (LUNMF), (MIC), (MHLD), (MANT), (MRO), (MAR), (NANX), (NOA), (NVMI), (NPSP), (OIS), (ASGN), (OGS), (PKD), (STR), (RGP), (REXX), (SCTY), (SSS), (STNR), (SUNE), (SXL), (SUN), (SNPS), (TS), (TERP), (TRN), (UIHC), (UNTD), (UAM), (UFPI), (WES), (WGP), (WMB), (WPZ), (XPO), (YUME)

Thursday: Before the bell- (ACTA), (ADPT), (AEG), (AYR), (ARIA), (BELFA), (BELFB), (BLMN), (BRC), (BBW), (CCC), (FUN), (CBB), (CCO), (CRAI), (CVI), (UAN), (CVRR), (DAN), (DWRE), (DTV), (DISCA), (DAVE), (FCN), (GEL), (GG), (HRL), (HST), (HII), (IDA), (IMAX), (IRC), (IDCC), (LXP), (LNCO), (LINE), (LPLA), (CLI), (NBL), (PDCO), (PDCE), (PCLN), (PWR), (RS), (SCG), (SIX), (STFC), (TGP), (TK), (TNK), (TOO), (TTC), (TAC), (UPL), (VNDA), (WMT); After the bell- (AHS), (ANET), (AUQ), (BAS), (BRCD), (BRKR), (BSQR), (BLDR), (CDR), (CENX), (CCS), (CHSP), (CLNY), (CYH), (ED), (EGO), (ETM), (EQIX), (EXR), (FRGI), (FNGN), (FR), (FPO), (FTR), (GSS), (HBM), (SAAS), (INAP), (INTU), (IPCM), (KEYS), (MRVL), (MTRN), (MHK), (MRC), (NEM), (NDLS), (JWN), (PSA), (FUEL), (ROVI), (SEM), (SSRI), (SPNC), (SPN), (TEP), (TSRO), (TRNX), (TRMR), (TRUE), (UEIC), (WRE), (XNPT)

Friday: Before the bell- (B), (COG), (CHH), (DE), (ENB), (ERF), (NPO), (ROCK), (GOV), (HCN), (IPGP), (IRM), (LH), (PNW), (PEG), (SWC), (TFX), (WLH)

Two latest articles

1 On 1 Options Mentoring: Learn more about my 1 on 1 equity/options mentoring courses that help can you improve your trading odds and risk management skills.

More Of My Commentary/Articles: Check out my contributor content for TraderPlanet, Seeking Alpha, and TheStreet.com.

Social Media: Follow me on Twitter and StockTwits!

BGCP SPX SPY UFS Weekend Market Update