Amazing watching the gravity take hold when the panic button was hit on the trading desks this afternoon. Not only was the plug pulled, the indexes deflated fast. Then, almost as quickly, the (innocent)geese provided some sense, and a rehydration took hold.
Put/Call revisited the 1.30's right at SPX 918/917 with another buying op today...though the VIX produced only orderly volume... so, we'll see how far we go here, into or past O/E. The ARMS index well off it's measured spike of Wednesday.
Nikkei up about 200 near the close 1/16.
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