German Bund volatility first with a massive sell-off earlier this morning and then a rally after EuroNext breaks, some further selling on Initial Claims and back up, there are no strong intraday signals contradicting price.
I haven't changed my position / belief that probabilities favor an oversold bounce based on internals.
I do have a bit of good news, our BABA calls should look nice on the cash open as this is BABA pre-market after earnings.
Our May 15th $80 calls from May 4th's Trade Idea: Speculative (BABA) Long/Call, gave me no reason to close the position and perhaps we are seeing why this morning, up nearly $10.00 this morning.
I'll update the market as soon as we get something new/interesting, but as I said, I still anticipate an oversold-based bounce.
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