My only options position right now is puts on DIA, so naturally I watch the /YM futures closely. They were down a little pre-open, but the moment the bell rang, they exploded higher for No Particular Reason ™. Just as suddenly, they did a hairpin turn south and plunged triple digits.
Everyone’s on edge about tomorrow’s absolutely meaningless interest rate drop, which I think is going to be one of the “Buy the Rumor/Sell the News” events of all time.


