June's expiration week has been more bullish than normal, which hurts some of our bear call spreads. The gunslinger didn't work. Read More

Blue-chip stocks are safer bets going into the treacherous autumn season. I'll wait a little longer on MCD, NEE, and VLO and make a roll decision on Thursday evening based on the average-true-range (ATR) rule. I don't plan to roll the CME gunslinger and will recommend a closing trade on Friday afternoon if necessary. If you get assigned on the CME June 98.50 put on either Thursday or Friday morning, the closest way to mimic OFI is to sell the assigned stock and re-sell the 98.50 put. Read More