looks like there is a lot of hedging going on today, as if they are exspecting a large sell off tomorrow.
Strange, how so? What so starnage about 56 S&P points higher in five trading days based on absolutely nothing? This is what we've seen for...for...ahh...well since Mr. 'O' was elected. Huh?
Sentiment: Strong Sell
Yeah really strange, TNA is up 3.20% while TZA is down 3.24% and FAS is up 2.79% while FAZ is down 2.71%....WHAT a discrepancy , let's call the SEC.....
Wouldn't be much of a hedging ETF if no one wanted it just before a potentially devastating GDP number would it?
After last one it makes sense to take caution.
Of course, it will probably come in not great, not that bad....not enough to rally hard or sell off....
And the rich in the know will say "thanks for buying options from us. Come on back now, ya hear!"
That's what I said earlier. I'm watching the leveraged VIX plays, and although they're down, it's not as much as you would expect given today's tape. Today almost looks like Custer's last stand.
I think the options players are anticipating if not a late day sell off today, a big sell off tomorrow.
if I had a time machine I would love to send Ben from the Fed back in time to the little big horn in Custer's uniform.