the equity volume is so lame on this exciting market day that i would not place too much emphasis on what's going on. y-day, there was a ton of put writing. maybe the writers are upping the equity price today trying to influence the put price down so they can buy them back cheaper than they sold them.
the fact that the mm's could not get this above 22 on decent volume so the smart shorts can short does not bode well for ovt. and that big money managers are moving out of apple periphery plays on this price strength and into aapl does not bode well for ovt either.
and skiidady, be sure to study up on current pain versus max pain. it's essential. :o)