I wanted to start the blog off this evening with my beta weighted income portfolio. Today I took profits on my GS long vertical up 7%. For the rest of my positions I will let them expire with positive theta. This week I will also be setting up my buy write positions and I will keep you posted on new trades for the month of Aug.

The chart below is of the SPY. The two red lines on the chart are support points that are very resilient and important to the bulls. A break of the two red lines would make me believe we were going to test the 38.2% at 84.31. It seems that we are getting a bounce off the 88.00/200 dma and could possibly see 91.50 as our next resistance point. That said we should be in this range through OPEX.

Below is one of my managed accounts that I trade for one of my investors, 2.5% for the month of July.

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