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