it will probably be tuesday. Today is option expiration and a lot of stocks are already near their pin price. even cramer is now talking about options so I bet there is a lot of retail in options that will expire and put people in positions they probably shouldn't be in. After that stock is awarded on Monday the market will be taken down on Tuesday. I don't think a correction will be greater than 10-15%. I also don't think this market can go much higher without a correction.
I sure hope so but these days I think it is popular to buy puts or sell calls instead of selling stock if you think there will be a pullback. That way, you get to hold your position to avoid capital gains taxes while hedging your position. Instead of letting the options exercise, I think many just roll over into another contract further out. I'm hoping a lot of people will just buy their calls back today and liquidate long positions. Unfortunately, I've been holding Faz and buying now worthless calls on hope for a while now.