Friday, May 18, 2012

OP EX

With FB stabilized at the $40 level, we can't blame the market on FB..


 SPY vs FB, FB didn't make a lower low and is holding right at $40 where it looks like it' been defended by algos.

You can't blame the Euro either...

So on an Op-Ex Friday, the most likely cause is op-ex itself, but with the huge disparity between Pus and Calls, I suppose the question is starting to be answered as to who wrote and who bought.



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