Bot: Calls .QQQ221104C266@4.10

the CEO of Rocket Mortgage has been loading up on his company stock.. he originally bought in @ 11, then doubled down @7... he went up to the plate and plunked down $40 million.. this may be a very long-term play, and maybe a great idea to put on the back burner for maybe another year.

today the stock is around 6 and looks like its dropping. maybe waiting for the low 5's might be a good idea here.

i have no idea who is better for housing, Democrats or Republican's.

So major US markets close the day down anywhere between 2-3.3% but the VIX barely moved...this has been a trend lately...big market moves with little VIX movement...

Anyone have any theories?

They gave up....

:bang:

useless answer

Lately the VIX seems to be looking further out than the market. The VIX has kind of decided that the outlook for the market in general is less than good, and it seems to be holding (spending very little time in the 30's and not even challenging a 40 handle). The market is having trouble holding the "lean negative" narrative, so it's kind of on it's own bipolar journey.


That is my guess.

Still thinking this?

I would have believed you if your said down market

Many articles at Zerohedge have mentioned higher than normal recent options buying clustered on expiration dates 0 to 1 days out.

If true, probably one of the reasons the VIX hasn't closed over 30 since 10-19-2022.


-jp

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Scratch that.

Short dated contracts aren't included in the VIX calculation.

CBOE Volatility Index (VIX): What Does It Measure in Investing?:
https://www.investopedia.com/terms/v/vix.asp


-jp

.

The only saving grace is that we have not been hitting below pandemic levels

yesterday was a pretty good day for your trend line...lots of money to be made out there

I feel like it is coming though, each rally right now seems to be weaker and more short lived than the last.

Out at 1.02.

Holy intraday moves batman...

since the close yesterday, S&P futures moved up 40pts, then dropped 50pts, then went up about 90pts, then just dropped about 70pts...somebody get me some Dramamine

And there's still plenty of day left...

That was a fun little number 15 minutes ago, wasn't it? :lol:

S&P futures UP 100 POINTS after that number came out....