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Yep, many ignorant fools lost everything today. Imagine all the fools that sold naked puts all week.

And I'll bet those Goldman Boys bought tons of those puts, just before they released the news. LOL

the 170 put went from .05 to 14.48,

A Market-on-Close (MOC) order is a market order that is submitted to execute as close to the closing price as possible.

The “MOC queue”? What's that?

It ought to be fun seeing the MOC queue build up into the close

No clue on that one. Seeing conflicting signals.

*IF* $DJI closes above 10,996.75 then it will have 7 consecutive higher closes than opens on the weekly

in the past 249 weeks no occurrences more than 7

Hopefully people were short on the $SPX setup I posted yesterday
Here's an easy setup for tomorrow:

$SPX currently has 5 consecutive higher closes than opens on the daily, *IF* $SPX closes above 1210.77 then it will have 6 consecutive higher closes than opens.

In the past 333 trading days, no occurrences more than 6 consecutive higher closes than opens.

$SPX numbers for the weekly close
needs a close below 1191 (purple containment on weekly)

SPY
119.18 (initiation debasement gap #1 weekly 9.29.2008)

Ok, thanks…

I'm going to wait until the end of the day and get short when everyone closes out their positions (or maybe here shortly if it keeps going up?).

Looking back at the previous sell off's, I didn't see any backtests. It was straight down, multiple days in a row. I think everyone is expecting a backtest now, but past history shows it won't happen.