At the market open on Wednesday, key levels were breached, boosting bulls' confidence that price advances may continue. While today's low index option trading volume isn't unusual, the market may expect a shift in hedging positions in the coming days leading up to the June quarterly options expiration. Attention may also shift to the JP Morgan collar position as it prepares for adjustments with the month-end expiration approaching.
Market On Close
12 Jun 2024
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