Spy Movement

Submitted by TraderJoe_99 t3_125w6ob in wallstreetbets

Anybody have any insight to what is happening? There was low volume, low movement last few days. Then today was a decent 3$ spike up in price but since open the range has been very narrow? I guess I just wish there was some volatility…

12

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stubbly_bubbly t1_je68yus wrote

Yea market is controlled by algos and today they decided they wanted price at 399 all day

18

L33n1xu5 t1_je6zn8e wrote

I was buying puts, so the market had to go higher. I then bought more puts so the market went higher. Rinse and repeat.

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VisualMod t1_je66k2n wrote

>There is no specific reason for the lack of volatility recently, but it is likely due to a combination of factors including low trading volume and investor uncertainty. However, it's important to remember that the market can always turn around quickly so it's important to stay alert.

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DeadSol t1_je6jt8e wrote

/r/monkeypaw

Wish granted: Tomorrows volatility will fuck everyone, puts, calls, straddles, and strangles.

4

DaddyDersch t1_je851mq wrote

There was a massive exit from the market 2 weeks ago with the bank runs. The liquity leaving is leading to even more tight consolidation days.

I think the most interesting thing is that the intraday ranges are around $2 or less until power hour which has seen some pretty good moves

2

VisualMod t1_je66jdd wrote

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1

Hoplertarum t1_je6wgwb wrote

Algos - no real person is trading. Retail all in 0dte

1