Do you really think money managers will wait to lock the profits in for the year? If you do then i got news for you.....stay long and be prepared for a wipe out by years end. Just look at what's happening to the king of stocks.....apple..down, down,down.
Then you're not looking very hard. Stocktwits is jammed with AAPL bulls. The Street has an article ridiculing AAPL bulls and 15 of the 16 comments under it are pro-AAPL.
But at least the puts are finally more expensive than the calls. I kind of like the rally call here based on all the put buying today. But I'm out of the trade right now. Maybe if it gets closer to 600, which will nearly converge with the 200 day MA and hopefully also some bigger headlines about whether AAPL is "over", I'll be back in.