@Russell_2070@FractalExchange maybe a good point to reject from for a target to $715. If I'm reading SM correctly on where MM's want to see it go. Still learning here.
@MaverickAzure@astocks92@grok Simply put, MM’s won’t pay out those puts when that’s what everyone is expecting. They’ll pump $qqq to collect all that put side premium and catch them all offsides. That is their job.
@colin_gladman Get your riot caps on then. Because everyone is expecting markets to rip , ya know, because it’s the 4th. 😎I’m sure MM’s are ready to pay out all those calls lined up tomorrow 🤔
And they were red last night before they ripped higher this morning. Stop it.
Calls outweigh $spy by a decent margin for tomorrow. Tell me, do you think MM’s want to pay those out? Now ask yourself, where do you think the market goes when everyone and their brother expects the market to rip because it’s the 4th?