Philip Davis

Options Trader: Wednesday Outlook

Durables - not great but BTE. Unfilleds are interesting and inventories are an issue with the GDP tomorrow.

SUN - We know they have problems so we took the 30% gain off the table, VLO was a double and we're out of that too.

Looser than what Jigs?

Drawdown - Don't forget that retail stations were stocking up for the holiday too. That won't be reflected this week but next week the disappointing weekend driving might cause some serious blowback. It's ridiculous anyway when imports drop 696Kbd and they try to say there's tight supply.