People taking their dow 1800 + point rally profits ahead of the long 3 day weekend. You would have to be a fool not to.
S&P strategy for last 10 years: Short the underlying. Long the option. Rebalance on Fed days. I think some credit lines have been cut off though.
3000 s$p predictions Everyone is predicting 3000+ by December....they might get that by April !!! No where but up up up! Jonathan Golub, chief U.S. equity strategist at Credit Suisse, told CNBC on Friday he expects another year double-digit stock market returns in 2018. He sees the S&P 500 reaching 3,000, or 12 percent, from where the index closed on Dec. 29, 2017.
Short underlying, long call is basically a put so that strategy couldn't have done too well over the last 10 years.