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I suspect it will settle above that... LT, that's different.
I am buying July if this doesn't tank today... I'll wait to see if they try to squeeze, but I'm doubling my puts if this doesn't give back yesterdays gains...
You're probably right, that's why I bought mine 2 weeks out. The manipulators will do their best to keep it up above 265 at close for today, then next week, watch out!