Friday Close is settlement prices for most equity options, although some/most index options actually settle at Thursday's close.
It is obvious from futures and and index price action that the big money had bet big money on a high settlement price for the indices. We have "known" this for a long time that the indices themselves are gamed, 1) because they can be, 2) because big money needs places where big money can move around with ample liquidity.
Keep an eye on SCHN, and the 3X bear financial FAZ which has some interesting patterns playing out. Unemployment continues to worsen, and debt defaults from the big screen renta-a-center to peoples domicile should continue upward.
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Insightful and Useful Comment!