Morning Option Scans/Data
Today's trading session eerily resembled yesterdays. Stocks started the day lower, rallied until mid-day and gave back 50% of that intra-day rally into the close. As JB aptly put it in his wonderful $YELP piece today, it was like Deja Vu all over again for the market.
If you missed yesterdays Option Recap you missed the unusual $LLY activity right near the close. Those options rallied over 100% after today's open as $LLY literally fell out of bed.
That $INTC trade I'm sticking in is beginning to hit paydirt. What else was going on today? I've got a lot more to share today than I did yesterday..... if that can be considered an answer.