First off– let me apologize for not providing a Weekly yesterday and this on will be brief as I am still trying to overcome a digestive issue that attacked on Sunday.
Consistent with the strength into expiration of almost every month for the last year and a half, expectations were that expiring August would be well – bid before going off the board. Just no one sent my an email that the trade during the past week trade through the June high. Yikes reminds me of the Feb expiration. Needless to say that the activity (primarily an out side month) created some historical technical issues that I will en devour to update on the importance later this week and into the fall.
