Um, that means nothing.
The traders are refusing to put out any ask on a weekend like this.
Monday trading will be sunny and will tell all. Bid is only 50 cents on 46 strike call.
In other words, you can ASK for $5 but nobody is paying for it. If it is even close to that on Monday, will be selling them ... free money. They will expire worthless.
There is nothing going on besides some tax selling. Market is still at 1400 on the S&P, 13K on Dow.
This is holding pattern till Jan 2, when people buy back in.
There are trillions of dollars just laying around, where else but the market can it go? Gold sucks, Oil is falling, bonds are dismal. Maybe some real estate, but beyond that its stocks.
That's why the VXX is doomed. Its defective by default.
Wrong, it's too late for tax selling. Remember it takes 3 days to clear after the sale, so the tax selling deadline was 12/26. You also need to learn about wash sales. If you are selling for a loss you have to wait 30 days to buy back in. This is the reason funds start the tax selling at the end of October and buy back during the last two weeks of December. That's the January effect.