It's just too many calls! Do you think MM wants so many calls doubled and tripled? No way. When there are too many calls out weighted puts, I buy puts. When MM wants to save some money, I get a little bit
I said in yesterday's thread that today we will see SPY 120. Because today is weekly OE and too many puts. I expect QQQQ to be around 52, but it's higher,
Weekly OE expires on Friday. So today is effectively OE day, since no trading tomorrow, and wall street will not be around Friday. So to me, today is the day.