how much speculation is going on?

some apparently. This companies $4 level calls for all months traded about 1 million contracts today...yes 1 million. Didn't add up the other call strikes , puts traded about 10% the number of calls

#1

I agree but, I'm just speculating.

I want to add to this..... I've been going through intraday charts of various stocks and indexes and virtually without exception, there was a sudden and dramatic reversal beginning around 2:30 PM ET, the turn is quite unmistakable. My inverse ETF's that I am holding were involved in this intraday reversal: SPXU, TYP, TZA, FAZ, DRV and FXP .... This reinforces my belief that we gap down tomorrow and possibly trade down all day.

I want to add to this..... I've been going through intraday charts of various stocks and indexes and virtually without exception, there was a sudden and dramatic reversal beginning around 2:30 PM ET, the turn is quite unmistakable. My inverse ETF's that I am holding were involved in this intraday reversal: SPXU, TYP, TZA, FAZ, DRV and FXP .... This reinforces my belief that we gap down tomorrow and possibly trade down all day.

I also saw the dramatic volume, but without seeing the change in the open interest, it is impossible to judge whether those positions were closed or simply new positions. I suspect they were closing volume actually. In this case we can probably go higher! I have no clue right now, all I know is the pull back today did not close below the overnight swing low, it could not even test it and it doesn't appear to be doing anything at the moment either...

thanks for mentioning that Tom, yesterday C was one of the most bullish on ISEE with a C:P volume of about 100:1, and today it was similar tho not as extreme - ISEE figures are opening positions so that partially informs arb's comments...guess they knew something we dont.... so, trade with the criminals is still the name of the game.