a little information with you, ITZ.

I have a short June 178 put I am defending with a short MMM pig. I'm scalping in and out and so far it is working all right. That could change in a hurry if the MMMs head higher. I believe th

Ka!! Ching!! Just got interrupted by to make a quick trip to the bank from a long K/M spread that someone wanted more than I. That leaves a few empty slots on my boat to re-load if the spread dips again. On the other hand, I have more to sell if someone needs them.

Now where was I?

Oh! Yes!

Like I was saying, "I believe the 10.57 'Gap' will provide quite a bit of head-wind for the MMMs to fight in order to move higher even if the index begins to show a little strength which surely did not happen today when the 201 report came out."

Ka!! Ching!! Another K/M spread just left my boat which is not riding high in the water yet but it is now positioned to take on a few more long K/M spreads.

Best wishes,

dhm