index options "settle" at the open Friday, therefore I expect a serious ramp so that those myraids of put holders (the put call ratio is extremely high) won't be rewarded too dearly.
I don't have great price prediction level, but think that after the ramp more selling may occur, so a 10 point run up, I will take some profits, if I am so fortunate.
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Insightful and Useful Comment!