8/11/18 was way up again this time by 1.20 and the model projects the component on yesterday's kill will climb another 0.95 to 1.25. The MMMs are now trading premium to the component by 3.75. It will take an average daily gain of 1.07 in the component to close that "Gap". That appears to be just about the trajectory that the Index is tracking.

STill flat the MMMs although I do have a few covered calls that will dump a little premium into my margin account.

Best wishes,

dhm