blood in the water on the stock market todaypic.twitter.com/vYYl0cbXYR
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yeah but it’s not just gtc orders getting fulfilled or they’d stop after a short rise. there’s an active component
It may not be just, but I got alerts I'd set previously for various equities on them, so I saw it coming. Gave me a chance to either buy calls or sell puts, depending on the implied volatility of the underlying.
It's possible that they'll break through that region to the downside tomorrow, but I think it's more likely that the institutions will drive the price back up to where they want to sell (and have a lot of unsold sell orders that didn't get filled when it plunged this morning).
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