Hilarious. Had to be on options expiration day, didn't it... If they only waited til Monday to release this. http://bit.ly/ay2bjB I think options MM in a ton of equities are getting wiped today. Everywhere you look you have many X stdev moves....
Hit the nail on the head. Most news is fluff. This is has more teeth. They call it a news RELEASE. Released on OE. By design. 3 of the last 5 days the range on SPY was less than a buck. Tight. Expect some range expansion.
How come I'm never long the right options into opex.... I mean *NEVER* Just give me one payoff like today...