I think we don't get rally until FED cuts rate on Tues. IMO slow melt like last 3 day drop to solidify need for FED to cut rates on TUES. I am back to hedged but more short then neutral. I still hold a few short PUTs from Jul 24 and short Calls from last week and some new ones from this morning. I not closing anything until significant profits occurs. Happy with time premium decay with my bias for market going down until TUES.