I'm going to start off slowly today...I hate expiration days due to the amount of transactions that need to take place. I am going to have to renew the terms of several of my positions this morning, and some I will wait on. If you've never heard my take on rolling options, I treat this a little differently than most. I don't roll based on lack of time. I'll roll a position as soon as I get my next buy signal...which may not come for several days after closing (which technically, wouldn't be considered rolling).

Back to the market, the move in the S&P is a pretty solid break. The 23% line just gave way, so the next target is the lows. I hope you have some bearish exposure here.

I must admit, I am grinning earn to ear with WYNN trading below $90 today. That feels good.

Here is the book...

Calls: ENER, MON, PTEN, CMP, AKS, ACI, CRK, DNR, CLHB, BTU, FDS, ARTC

Puts: SOHU, SINA, MS, COL, CHL, LFC, JCP, TSL, XL, WBD, WYNN, LVS