Editors Note:

The market decline returned after the one-day short squeeze. There was no race to the bottom but there was a definite return to a bearish bias. The S&P futures are down -4.50 and declining in the evening session. With the president at war with congressional leaders and threatening a government shutdown in September, the most likely direction for Thursday is down. I would be thrilled if the rally continued but the calendar is working against us. We have a full portfolio with both bullish and bearish positions. There is no reason to add additional risk without a good idea about market direction.



NEW DIRECTIONAL CALL PLAYS

No New Bullish Plays


NEW DIRECTIONAL PUT PLAYS

No New Bearish Plays