Where we stand on the S&P, roughly halfway between the last swing high and swing low on the daily charts, we are at a great place for putting on positions. For those placing option positions this allows for calls and puts to be bought at a relatively neutral point because we can either breakout to new highs, or break lows and fall down to the next support level. Either way picking relatively strong and relatively weak companies to trade and placing your option positions on those companies gives you an edge.