It looks a lot like stops are just being hit in some obvious places.
I was VERY, VERY close to some April 4th QQQ calls, I decided to wait on tomorrow and decide then as it seems stops are still being hit.
However I'd think some interesting positions for short term options (weeklies mostly) will likely open up tomorrow, in the mean time if it isn't screaming, "Buy or short me", then I'm content to just letting the market do it's thing, have it's "seeming " fits and take out the stops, trap some bears, etc.
Again, patience.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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