Editors Note:

Beware the summer doldrums after the Q2 earnings cycle. While August is historically the worst month of the year, there are no guarantees. Summer rallies do happen and with the S&P and Nasdaq at new highs we are in one now. The Dow is not cooperating but at least not declining. A couple individual Dow stocks can kill any broader advance. I wrote over the last several weeks that I would be careful entering August once the FOMC meeting is over. That is this week.

Since this is the last Option Investor newsletter I did not add any new positions.



NEW DIRECTIONAL CALL PLAYS

No New Bullish Plays


NEW DIRECTIONAL PUT PLAYS

No New Bearish Plays