Editors Note:

Spiking volatility does not provide a good opportunity for new positions. The S&P futures are -5.50 as I type this and the VIX closed over 15. Any position we would enter at the open on Wednesday would not get a good fill if these conditions continue overnight. With volume expected to be weak and headline events on the horizon we are already overly long and shorts are not working. I am going to pass on adding new plays today and will be looking for directional confirmation on Wednesday.



NEW DIRECTIONAL CALL PLAYS

No New Bullish Plays


NEW DIRECTIONAL PUT PLAYS

No New Bearish Plays