​Looking at the overall markets for the Thursday session, we expected there to be quite a bit of volatility still. After all, markets were shipped to their very foundation earlier this week, and as a result we need to look for some type of stability. With this, we believe that the currency markets will probably continue to favor some trends, and we will look for them to extend.

For example, the US dollar remains very mixed, but it does seem to be doing fairly well against commodity currencies. With this, we are along the US dollar against other currencies such as the Canadian dollar, Australian dollar, and New Zealand dollar. With this being said, we are buying calls in favor of the US dollar overall.

Looking at the financial markets, we believe that the stock markets in general will continue to be volatile, and US markets eventually will offer call buying opportunities, but at this point in time we think that there still quite a bit of trepidation about going long of those markets quite yet, but at this point in time it’s difficult to imagine trying to short the markets as well. We believe that there will be call buying opportunities after we get a bit of stability, but at this point in time you’re going to need to wait for some type of stability for at least a daily candle in order to feel comfortable buying calls quite yet. Buying puts at this point in time would be difficult simply because we have sold off so drastically.