No matter how you cut that trade day — it was not well bid. That being said the expiration process was very strong and set a higher calendar high. While August was enjoying all of the glamour, the fall and winter contracts made less enthusiastic moves. Volume is starting to gather some support and open interest is still lagging but perhaps will show signs of life, but are not showing the strength needed to support an additional longer term run.
Major Support:$8.02, $7.55, $7.14, $6.88, $6.754,$6.38, $6.02, $5.623, Minor Support: $7.41, $6.42, $5.548, $5.40-$5.45 Major Resistance: $8.95, $8.996-$9.057
