I exited the recent MS Sept 33 puts yesterday for a very small gain of about 6%.
Also I purchased SPY August 191 calls @ 2.60 yesterday afternoon. Stop @ 1.80. Based on the outlook from the recent posts I am anticipating a bounce in price to fill Tuesday's unfilled gap down at 193.88. At this point is seems like price could easily rebound above that level. There is an unfilled gap down at 196.98 from 7/31/14. That would be the next price level that I think would be an ideal exit to the trade if prices do rebound strongly from this level.
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