Work Music....

SP's

My expectation for the S&P 500 in the near term is to retest the 38.2% at 845.14 or so.

Economic Expectations

Positions

Below are just a few of my position on for July.

Below are some of the buy writes I currently have on.

These are just a few of my positions that are on for July.

Beta Weighted

This is the first month I didn't set any calendar spreads. I only set credit spreads, debit spreads and buy writes.

Buy Write Ideas

/NQ

This is my Nasdaq short term prediction.

$RUT

$RUT ITM call vertical idea.

ICE

Iron Condor on ICE.

GS

GS ITM call vertical.

SP's

This month I have not posted all my trades, but I can say that things are good. I have a couple position hedges on that might not look good today. I'm short SPY with a short put and I'm long SRS. As for normal positions, buy writes on GS, AAPL and EDC. Long vertical; GS, BIDU, MA, GLD and RUT.

SP's have been tricky in picking short term moves. Side ways to no where is good for me, but the whip saw is where things can go from good to uncomfortable. For now I will continue to do what works for me and stay way from things that don't.

The chart above is of the $SPX. 900-915 in my opinion is a great place to get short. I will get short in that area (hedged of course) in small baby steps. One thing that needs to happen before we go lower is the $VIX needs to spike above 33, close and stay at or above 33 for a big break in the market to happen.

SPY

SPY a couple post ago I said I had a target of 82. Here is my position.

Da Bears

I was going through some charts and I am becoming more and more bearish. The chart above is the SPY on a weekly basis. I have set my target @ 82.00.