The squeeze continues and options expiration beginning tomorrow is playing a
much bigger role than most might suspect. From past experience as an options
principal and under these conditions, floor brokers are hunting down options
strike prices like we should be bin Laden. It’s a “seek and destroy mission” and
these guys are having a field day. Naturally they’re being abetted by our
government with direct market and indirect interference to buy stock with your
tax dollars. They’re succeeding in their socialization free markets. And, by the
way, shouldn’t we have Chucky Schumer lead a congressional investigation into
short selling of crude oil?
Nevertheless the squeeze continues and short
sellers are being punished “for now”.
It may be Yahoo is working on
their data presentation to the extent that volume data for the NYSE has been
flipped. Yikes! One would assume WSJ data is correct.
