Replies to post #3451 on T/A ETF AND INDEX

[woodfish]

450K contracts were traded
At the out of the money 40 strike that seems like risky business
with so little time and entering into what is normally a volatile period , and with volatility running so low right here. Someone is betting the naz is not only going to rally but big , and in a short period of time. Historically the markets have made big moves following labor day weekend , being end of summer and beginning of 1/4. One thing is for sure one of those sides of that bet are going to lose............
That is one of the reasons I posted earlier that maybe the turn would not come until after or during OE. I read last night about
this huge volume in those QQQQ options and wondered about it.
Woodfish

[farooq]

They could sell short or sell deep ITM calls against that. I am short same way. Short 37 long 40.