SP:SPX   S&P 500 Index
77 0 2
Not until this .886 is lost on a closing basis would I consider a BAT (Not shown here) as the case for a Butterfly remains open. Also, the "risk-on" group IBB             hardly took a hit on Friday while the VXX             performance was subdued at best. These two little tidbits (plus quad witch and SPY             ex-divvy on Friday) make me give a little bit of the benefit of the doubt to this idea.

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