final Purchase Idex will be late. With the cutouts being WAY DOWN Friday, I am expecting the Purchase Index to be very weak. Apparently this is the feeling of everyone else because the futures are selling off.

I am short some April puts but it doesn't seem to be a problem because I am short an equal number of the JJJJs. My goal is to harvest some option premium which seems to be rather juicy right now.

Best wishes,

dhm.