Editors Note:

After an eight-day rally, we are now in overbought territory. We can always become more overbought as diehard shorts are forced to cover and portfolio managers are forced to chase prices, but there is no reason for us to add to the portfolio on a Friday morning. There is always the weekend event risk and the potential for traders to take some money off the table ahead of the weekend.



NEW DIRECTIONAL CALL PLAYS

No New Bullish Plays


NEW DIRECTIONAL PUT PLAYS

No New Bearish Plays