Editors Note:

The indexes posted minor declines but there was no material change. There are no sellers and no buyers as everyone just tries to keep the gains they have until the calendar rolls over to 2017.

As traders we should also remain dormant. There is no fundamental reason to try and force a new play when volume is only going to decline even further.

Tuesday is now my bet for Dow 20K.

If you are just dying for something to play, buy February calls on the $VIX. The $15 call is now $2.40 and a spike to the $20 level would be a decent payday. I am not recommending it because we already have four shorts in anticipation of a January decline.



NEW DIRECTIONAL CALL PLAYS

No New Bullish Plays


NEW DIRECTIONAL PUT PLAYS

No New Bearish Plays