Let 'em all cover and get out of the way!
Heads up Minyans--
There are some monster prints going up in QQQ--at least 5 beans (million) in last 25 minutes in three seperate prints. I'm being told (not confirmed) that it's a short cover, for what it's worth. There's also a seller of 10,000 QQQ February 37 puts and while I'm not sure if the two orders are related, I wanted to make sure you saw it. So you know (and if you care), this is the type of flow that will soon be featured on Buzz & Banter--but it'll be much more frequent and have lotsa color. February 16th!
While I have you, watch the breadth--it's stanky. I'll be back with the Randoms shortly...
Todd Harrison is the founder and Chief Executive Officer of Minyanville. Prior to his current role, Mr. Harrison was President and head trader at a $400 million dollar New York-based hedge fund. Todd welcomes your comments and/or feedback at email@example.com.
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