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To: robert b furman who wrote (40595)3/2/2025 2:33:57 PM
From: skinowski  Read Replies (1) | Respond to of 41456
 
>>>>If we get a dip on Monday, it will be a gift.<<<

I feel the same way.

Bob - put selling on dips - on stocks you’d like to acquire - is a good play (especially, as you say, in a bull market).

The whole thing is multidimensional. Like, there are no futures on Game Stop - so, the call sellers had to massively buy the stock - which added power to the short squeeze - and the thing went flying.

With this recent QQQ put spike (which started this discussion), it depends on what the market does. If it goes up - the put sellers will be happy. But, if the market turns further down - they’ll have to sell NQ’s in order to hedge their short puts. They will do what it takes to stay market neutral (and collect the premiums). Their computers do all this trading automatically, second by second - based on what the algorithm estimates as being market neutral.

But, I agree - it’s time for a bounce. How big a bounce - to new highs or not - I don’t know. But, did some buying in the last minutes on Friday. Will see how it behaves.