Friday saw quite large volumes in options, meaning we won’t be rising before the weekend (as the US open perhaps suggested
). It really looks like some MM (Market Maker) activity right now; a large portion of puts and calls are being rendered worthless.
There are 510k calls at $14 or above, which corresponds to 50m shares
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There are 225k puts at $14 or below, equivalent to 22.5m shares.
