Why is one of the most powerful rallies during a market correction timed by traders for the last hour?
1)They are setting up call options.
2) Margin calls are over around then.
3) Shorts have to cover when the market rallies at the end of the day and that causes a big rally.
Conversation
I know you don’t trade options but what are your thoughts on TQQQ Oct 23 / Oct 30 calls?