$SPY News doesn’t move markets. I don’t buy the Austrian story as catalyst. Someone pumped futures real hard last night and trapped a few others who also participated, it consolidated for a bit, and someone then took profit and pulled the rug to trap the others that participated. Sucks to see a gap down after I finally quit playing bearish yesterday but now there’s a clear path to 472 to wipe out everyone’s puts today. The opening short frenzy is also going to be another trap. They don’t want 3 puts for every 1 call contract to go ITM.