The Practical Thinker has escaped

He got away, even if it was just for a little bit....

Maybe next time, it will be me.
--------------------------------------------------------------------------

1. The SPX's has rolled to June being the front contract. Roll down our strikes by about 4 pts. We still haven't executed a 2x3 or a combo but we're waiting in the weeds.
2. Gold has been angry...wait, just wait. 
3. The EuroCurrency has been strong all day paving the way for most major currencies against the Dollar. 
4. Rumor has it that Spain has a bit of a problem coming out soon...the currency market doesn't seem to buy the hype. Premium in the puts really took a beating today.
5. The NOB has come all the way back to 92 bps...we'll be waiting to reload
6. The long end of the yield never got low enough to sell any put spread
7. Our E0J put 1x2 was 5.5-6 on the break this morning on the Retail Sales data, but leveled back off settling around 4.5
8. Next week is very busy with Industrial Production, FOMC, LEI, Philly Fed, PPI and CPI. 
9. I fully expect the Fed to drop the 'extended period of time' language as four presidents have now openly criticized it. 
10. The Fed Funds cash market was 17-22 this morning even though the month's effective is only 15...just food for thought.
11. Next Friday is a quadruple witching with no numbers. Don't be absent. Something surprising always happens on no-number Fridays, especially when you have a lot of securities rolling off the books.

Enjoy the weekend: Mr. Practical Thinker is............
~LH