CVX - Watching the 11/70 put trading at 2.55 x 2.65. May buy at = <2.25. They filed a claim against Ecuador and the dollar rallied against world currencies.
MA - Watching the 11/210 - 220 put spread trading at $4.10 x 4.80. May bid at = <3.60. It looks like it has a little more room to run up so it may be a little early. It might be best to wait a day or two.
Credit card defaults up to record levels in August. Consumers are debt adverse. Write offs up in August. Loans over 30 days past due rose to 5.8%. Hungary fined them $2.6 million for fixing fees.
It's hard to see a recovery without consumer spending increasing. 4th Quarter should show signs of consumer spending more (Halloween, Thanksgiving and Christmas spending - food, gifts, decorations etc,), otherwise the recovery may stall.
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