Something's gonna give!
Heads up Minyans--
S&P March 975 puts are aggressively trading out there. Someone has bought up to 4000 paying $7.30, $7.40, $7.50....
The Minx is thus far absorbing it as she hovers right around fresh acne levels. The chicken and the egg now becomes the breakout vs. the trap. Breadth remains minty and the semis are steady--but expect some movement as we edge towards the bell (either way). These are important short-term levels.
Daily Recap Newsletter