@Holt_Caliln They’re building their inventory right now, but probably up to July 3rd. The new rule moved it to 15 days, when historically it was always 3 months or greater, usually hitting some or most post-expiration selling. The float is mostly in the hands of nonretail, including arbitrage
$22.7T sitting in a combination of checking/savings accounts and money market funds earning an average yield of 52 basis points. Massive amount of liquidity sitting idle.