Option Queen Letter
By my calendar, we are deep into the “dog days of August.” And, with precious little time left for summer sun-frolicking and venturesome holidaying, we can confidently anticipate the further dry-up of volume, while the money-movers have slipped away to vacations, preparatory to calendar recognition that we're barking up the tree blooming in recognition of the pending EOS (end of Summer) Labor Day holiday. Now that the August options are history, players can leave the scene, knowing that little will change until they return. Remember, the Street lives with Goldilocks and the 3 Bears, although, in the interest of accuracy, we should now delete the Bears, in favor of the Bulls, because this is not the tale of Red Riding Hood----.
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