While CNBC pundits are popping champagne and celebrating “the bottom is finally here” the ETF-Cashinator is reporting some sobering news. The call volume is still very volatile with huge premiums for May expiry on may key ETFs but worse yet are the ETF covered calls for June. The ETF-Cashinator kicked out 12 pages of voluminous high yield calls for June and they were all over the board. I can surmise nothing other than we’ll have a large sell off at some point between now and June. Sell in May and go away may be in the cards and most likely during May expiry. We may also rally to new highs between now and June!
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