Stock Market Commentary

For what it's worth, I think the stock market rally will come to an end tomorrow with options expiration. I think Goldman Sachs (GS) usually leads the way and it did not participate in the stock market rally today. It opened at the high and never really rallied. That could be an indicator of things to come. I shorted GS yesterday at $119.56 and am underwater by $1.50. I think it will come around if my prediction is correct.

All of our naked put stock options trades are working. I might close some of our naked put positions if we have a carry through rally tomorrow. I think i will be able to re-enter the same positions again sometime next week at better prices. We'll see.