Put/call is now at its lowest on the day @ .47 while VIX has lifted back up from -.7 on the day to only -.13.
This is bearish.
It implies "call buying" is bringing option prices back up, which implies people are bullish on this dip in prices.
Lower stop to breakeven after 1 hour. Do not reverse and go long though, if stopped out like we have before. Target 1 pt for 1/2 position, 2 pts for 1/2 position.
ES is at 1230.00 as I type (Dec).
DIA is 111.78 last.
12:12PM (Next update at 1:15PM)
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