I guess so, at least for the remainder of the week. I wouldn't be surprised if the Es picked up a few points from here in the next few days. Always have hedges in place in case of too much correlation (like being too short gamma).
You think it'll rally from here doobs? I'm short gamma with some flies at 45 mid strike but dammit! I'll wait till tomorrow to make a decision...
Doesn't look like I'm right so far, but be patient. These late day sell-offs are getting annoying. I am short a few Es contracts, and long a June VIX 20/25/30 Fly from 0.95 as a weak hedge
What was up with the mid-day rally? Who was buying all those stocks? I was so confused when I started seeing the selloff! Weird!
Most probably more sellers then buyers. There could be other reasons, but this one is the most plausible.
I have a spx fly mid strike at 45... I was so happy it seemed like a quiet week and then... %-#/&#!!!!!