August 19, 2022

Good morning.  Another outstanding session for us yesterday!  Only holding two positions today.  Expect a wild session however with monster swings.  We want to allow price this morning to materialize before we position ourselves further for next week potentially – depending on where price activity / volume is for the Friday session.  We're not fans of adding on a Friday but today we might have a few monster opportunities should they continue to materialize.  Today we are also faced with over 2.1 trillion in Options Expiring today.  Wild morning expected.  Almost half are S&P related.  Holders will need to either roll over existing positions or start new ones.  Could see major fireworks but expect swings.  Today's price activity does not reflect a market outlook.  Keep that in mind. Be ready today for further updates.