Options Oracle: 08/05/2011

Now that the Diamonds have broken down below the Head & Shoulder neckline, there is a good chance we will see a bounce in the market. I am not suggesting a long term rally, simply a bounce to re-test resistance.

We currently hold a 3 legged condor on the books and we are now completing this position by selling the September at-the-money puts to collect additional cash to our account.

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About AJ Monte

As a premier trading consultant, AJ is one of the most sought after in his field. He teaches professionals specialized techniques on how to accumulate and protect wealth through innovative market techniques. TheMarke__404+

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