May got hammered while the rest of the summer was weaker but not to the extent of May’s declines. Now becomes the silly expiration process — I may have been wrong in not seeing the May expiration testing the lows of the previous two month’s expiration. Clearly, its in range now after yesterday’s declines. As you all know I do not venture with position going into option expiration nor contract expiration. My goal in this process is to establish good positions to sell in the options market.
Major Support:, $1.595, $1.52-$1.511, $1.481, $1.312 Minor Support : Major Resistance: $1.94-$1.967, $2.00, $3.00, $3.16, $3.48, $3.536, 3.59,
