Quote from joneog:
Some of the longer-term levels I'm looking at on the SPX...
White lines are upcoming option expirations, white boxes are strikes im considering selling verticals @.
Would like to sell the Aug put spread on some early morning weakness (wanted to do it friday but reaction to the NFP# didn't cooperate with the plan) and ideally get a short-covering rally later in the week and/or into the next week to sell the Sep call spread, do some type of ratio, or sell a much smaller number of calls outright. We'll see how it goes, considering the downgrade.
Should be another interesting week.