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Flow's Diner

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I haven't seen this much hedging since my Brazilian wax!

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Heads up Minyans--

Someone bought 4000 S&P January 1050 puts which, as a function of the dealer hedge, created 450 S&P futures for sale. Thus far, the market is absorbing that supply. Just an fyi...

Also, while I have you, Wal-Mart (WMT:NYSE) was another one of those "it ain't acting right early" stocks (was flat with futes jiggy) and that's drawn my eyes to the retail group.

I'll be back.

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