What I Got

Early in the mornin', risin' to the street

Light me up that cigarette and I'll strap shoes on my feet

Got to find the reason, reason things went wrong

Got to find the reason why my money's all gone

My positions for the early second half thus far:

$XBI July $70 calls 

$USO July $70 puts

$XLE August $70 puts

I will be looking to add QQQ and SPY calls in size tomorrow, along with XLE puts.

I'm still not sure we won't see a flush down, but my sense is the odds of that have lessened.