Monday, October 16, 2006

anecdotal trader talk

So what for the last several weeks has been "cheap downside protection" is now "meltup protection. i.e. most ppl thought this market was goign to drop and now everyone seems scared its going to rip and they arent participating. Case and point check out the volume in IWM calls today...118k contracts in smallish prints with 78 strike.


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