{+++}Many option folks talk about “pinning” on options expiration day. Basically it relates to the sizable open interest at a specific strike price. It usually has a basis with stocks that are highly liquid and have significant action at a certain level. Today, Apple was trading around $210, above and below all day. It’s only Monday, but let’s watch the rest of the week. personally I think it will pop higher.
Technology had a soft day, materials started strong but faded, same with the financials, a classic consolidation day for all involved.
SEED exploded, hope you grabbed it, CAT mentioned this morning popped almost $4 and BLK broke out.
See you tomorrow. All systems go for now.