Editors Note:

Expiration Friday's do not normally produce a directional move in the markets. Traders are closing positions rather than looking for new positions to open. This is also a summer Friday and volume has already declined to low levels despite the new highs. On Wednesday there was only 5.7 billion shares and all the indexes closed at new highs. There was not as much participation as it appeared on the surface. With more earnings disappointments than expected that is another reason there may not be a rush into new positions on Friday. I am recommending we let this expiration pass and enter new positions on Monday.



NEW DIRECTIONAL CALL PLAYS

No New Bullish Plays


NEW DIRECTIONAL PUT PLAYS

No New Bearish Plays