Has the worm finally turned?
We have been looking for a reversal of recent uptrend and continue to do so. Furthermore we are (yes there is more than just I) have been playing for it fighting the uptrend over the last several sessions. We feel the rewards are to the downside. Charts below indicate evidence to that effect. Again please note disclaimer published elsewhere on these pages.
Prices did not quite get to 3.50% on recent rally but fairly close.
Lastly a look at June futures levels and put open interest report.
Option flows in 10's from Wednesdays session.
| 287 | Bot | 500 | H16/17p | 15 | 11724-24+ |
| 287 | Bot | 2000 | H17p | 21 | 11801+-02 |
| 323 | Bot | 2000 | H-15/M+13p Diag | 32-33 | 11804-04+ |
| 323 | Bot | 1000 | H16+/17+p | 16 | 11805-05+ |
| 350 | Bot | 1000 | H17p/19+c Stgl | 32 | 11801-02 |
| 374 | Bot | 500 | H16/17p | 14 | |
| 374 | Bot | 1000 | H17+/18+ Combo | 9 | 11806+-07 |
| 560 | Bot | 5000 | M10/13p 1x2 | 10-12 | 11728-28+ |
| 560 | Bot | 1000 | H+18+p/-16p 1x2 | 41 | ^H11803+ |
| 684 | Bot | 1000 | H15/18p 1x3 | 31 | 11806+-07 |
| 684 | Bot | 1000 | J16p | 59 | 11803+-04+ |
| 690 | Bot | 500 | H18c | 46 | 11800+-01 |
| 714 | Bot | 1000 | H19c | 22 | ^H11806 |
| 714 | Bot | 3000 | H16p | 8 | ^H11803+-4 |
| 714 | Bot | 2000 | H15/16p | 7 | 11825-26 |
| 830 | Bot | 1000 | H19+c | 11 | 11801-01+ |
| 287 | Sold | 1000 | H14+/16p | 6 | 11806-07 |
| 287 | Sold | 1000 | H17p | 28 | 11720+-21 |
| 560 | Sold | 2000 | M16/19+c | 129 | ^H11618 |
| 560 | Sold | 5000 | M16p/19+c Stgl | 129 | ^M11618 |
| 560 | Sold | 750 | M12p/19c Stgl | 103 | 11801+-02+ |
| 660 | Sold | 1000 | H14+/16p | 6 | |
| 660 | Sold | 3000 | J+13/15+/16+p Tree J-19+c | 1 | 11800+-02 |
| 684 | Sold | 500 | M16+ Strdl | 321-24 | ^M11611 |
| 684 | Sold | 1500 | H18 Strdl | 127 | ^H11803 |
| 684 | Sold | 1000 | H18 Strdl | 125-26 | 11804-06 |
| 685 | Sold | 500 | M18 Stdl | 321 | 11801-01+ |
| 685 | Sold | 1000 | H17p | 20 | ^H11802+ |
| 714 | Sold | 2000 | H19+c | 10 | 11801-01+ |
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