GeorgiaGirl
Member
It's still kind of unbelievable that you saw this happen and twice nonetheless:
October 5th: Trump says stimulus bill is off. The market tanks big time in the last little over an hour and during the final minutes, you see multiple big call sweeps. The reason for it? Both GOP and Dem donors were apparently told to buy calls because you were going to see stimulus talks get pumped. That night, you see stimulus get pumped and then you see a vapor pump that lasts the rest of that week and the Monday next week.
Late October-November: The final week sees the worst market selloff since early June. It turns out that there is major money in 350 SPY calls expiring at the end of Election Week. They end up being in the money because the S&P jumped nearly 240 points, and that turns out to be the start of a market rally that tops August.
In hindsight, "they" must have infused a lot of money to turn off the volatility on election week. I actually felt like a bounce was going to occur before it happened back then but the last thing that I would have expected was..."that".
October 5th: Trump says stimulus bill is off. The market tanks big time in the last little over an hour and during the final minutes, you see multiple big call sweeps. The reason for it? Both GOP and Dem donors were apparently told to buy calls because you were going to see stimulus talks get pumped. That night, you see stimulus get pumped and then you see a vapor pump that lasts the rest of that week and the Monday next week.
Late October-November: The final week sees the worst market selloff since early June. It turns out that there is major money in 350 SPY calls expiring at the end of Election Week. They end up being in the money because the S&P jumped nearly 240 points, and that turns out to be the start of a market rally that tops August.
In hindsight, "they" must have infused a lot of money to turn off the volatility on election week. I actually felt like a bounce was going to occur before it happened back then but the last thing that I would have expected was..."that".