Sorry for the late report, I had to watch the futures to see how the market was faring before tomorrow's open.

Portfolio #1: ALERT closing WAG July 47/46 call spread.

We are looking to close out the ANF July 47/46 call spread for a NET DEBIT of $0.85-$0.89

The BID/ASK is $0.68 - $1.06.

As usual we always look to split the BID/ASK, so try and work the BID/ASK spread

Neverthe less, we will be closing this spread Friday, before the close.

We will be also watching BBY & MO during the day and may be prepared to act on them DURING Monday's session, if nexcessary. You will be emailed if we decide to act on either or both MO & BBY.

Portfolio #2: ALERT closing SWK July 82.50/80 call spread.

We are looking to close out the SWK July 82.50/80 call spread for a NET DEBIT of $1.40

The BID/ASK is $1.25 - $1.50.

As usual we always look to split the BID/ASK, so try and work the BID/ASK spread

Neverthe less, we will be closing this spread Friday, before the close.
A quick reminder: MCM August 2013 recommendations will be starting this weekend.