Monday’s markets have opened the selling floodgates after spending last week range-bound with inflation woes and monthly options expiration volatility. If you weren’t buckled up for the turbulence, you can’t say I didn’t warn you.
Tech names are leading the way down as traders look to take risk off their sheets, dropping the Nasdaq around 2.5% on the day…
Among Monday’s biggest losers is self-proclaimed electric vehicle company Nikola, whose shares tanked more than 8% amid a flurry of massive put buying.
And if that trade isn’t sparking joy, I have more outsized options flow waiting inside…
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