Just got filled on some of the OEX Aug 10 put BWB's at 505/500/490 for $0.25 credit. Ticks are holding firm at -10,000 (not super bearish) and breadth seems to have found a bottom here. Volume is starting to drop off so if the markets can hold here which it looks like it will then I'd say it's a good entry point for a short term long trade.
I also went long a NDX August call butterfly 1875/1925/1975. Let's see how it plays out.
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