Tons of bullish flow going into close from whales, especially weekly and monthly expirations. I’m eyeing calls if the price stays above $127.50
A lot of floor traders exiting ITM puts, and some even entering into synthetic long positions. I’m eyeing calls if the price stays above $120.50
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With Chinese Central Bank lowering rates, maybe floor traders are expecting a reversal? Bullish orders going into close.
Definitely going to have a volatile day tomorrow, tons of bearish positions being opened going into EOD.
Good luck tomorrow.