Monday starts the run-up to Labor Day, but a heavy data calendar should keep most traders at their desks until Friday morning.
This put spread offsets the risk of near-term disappointment.
The market dipped and then rebounded ahead of Friday's Jackson Hole addresses.
After the sharp rise off corrective lows, we have reached a critical level.
A technical and volatility checkup.
This technical condition favors a short-term top and a pullback.
Consider low-priced December calls as a way to bet on a bounce.
Here are the latest numbers in our portfolio.
Stocks stay aloft in thin summer trading, though a lot of optimism is baked in.
Given the lack of volatility, this is the best way to hedge for the next two months or so.