SORRY FOR THE LATE FIRST POST

One of those days today but let me catch up. The mlp index is down nearly 5 points in what looks like another one of those sharp one day corrections. However what i am having a difficult time grasping here is that this is options expiration and we had a similar event happen last month. Why options are having an impact here is beyond me. They list options on many mlps but they hardly trade. This to me is one of those head scratchers. This did not happen in July so this is the second month in a row...and now of course that we have discovered this...guaranteed it wont happen the next time around, especially if you set up a trade to take advantage of it.

Magellan Midstream (MMP) leads the losers list down 150. Energy Transfer Parnters (ETP) and Energy Transfer Equity (ETE) are down over a point along with Teppco (TPP) Oneok (OKS) and Buckeye (BPL). Winners are few but Markwest (MWE) and Martin Midstream (MMLP) are up fractionally.

Nat gas is rallying and will close a the high for the week which i believe is bullish for next week and it looks like that 2.50 climax bottom was it.