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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Don Green who wrote (19056)	4/20/2017 12:54:13 PM
From: The Ox	Read Replies (1) \| Respond to of 33421

Just a hunch that it has a lot to do with squaring up or opening new options positions in front of April expirations but I would welcome other thoughts on the matter. Interesting to see VXX holding up reasonably well (only down $0.25) in light of the very strong move out of SPY +2 at the moment.....

To: Don Green who wrote (19056)	4/20/2017 2:26:18 PM
From: John Pitera	Read Replies (2) \| Respond to of 33421

Hi Don, I looked into your question a bit last night and it appears there could be several different explanations.... I wonder if it has to do with a multi-derivative hedging opportunity that would be hard to understand without understanding the bigger scheme of what options, futures, short and long positions could also be involved in the situation.... It may have been a bullish signal.... but I came across a sight where it had happened a number of times in the past 20 years... and in different types of environments. John