This is Options Expiration week

We have been in locked down mode on the spoos for 3 weeks now as we are floating range bound between 1383 and 1427 for nearly 3 weeks as we approach the finish of May Options expiration tomorrow. We have primarily moved to the sidelines as volatility has also grinded back down to 17.25. The trade in this market is to go to cash and wait it out. Summer starts also in a week. So let the slowdown begin early!!