Im thinking tomorrow ends cherry green green as the dang grass. Dump those puts, i might use the last of my cash balance on some calls. of course ive lost about 90% of the trades ive ever made so you should inverse me for guaranteed victory.
And then they would hedge those puts by selling short shares or selling calls. So if market rally, then they need to increase their long exposure -- positive feedback loop.
Doubt it although Europe has expiry too. Last night was just an overdue bounce and there wasn't any additional bad news for once. Maybe some slightly good news about the anti malarials. There will be some whip sawing today
Interesting read... https://www.zerohedge.com/markets/t...todays-quad-witch-ending-mechanical-sell-flow