Equities started in the green yesterday, hitting highs of the day at 11am,
Friday Morning Reads – 9/4/15
Netflix ($NFLX) Setting up for a Fade?
Option Recap
A get your popcorn type trading session today. If you were long from yesterdays close and sold at the top today..... awesome. If you waiting until the top today to short for a massive reversal lower.... awesome.
If you weren't active today on most names, you got whipsawed, and for anyone owning OTM options.... it was a hair puller of a day.
The buyers of those $INTC OTM calls yesterday was up some $40k today.
Intel was up some 2%+ today. These calls still have a few weeks to marinate.
Let's get into some more of the action today:
Where Are Stocks Headed After The Jobs Report
For those who shut down at yesterdays close and returned at today's close, from an S&P500 perspective, you missed nothing. Prices ended the day right at the levels they ended yesterday at. A few weeks ago that was 2015 in a nutshell. And then it gave birth to this massive pull back.....
Move along now. Nothing to see: