What the hell just happened?

Cromagnum said:

---

All the signs of a classic (lately) strong Friday open and crash at close.

---

Didn't last Friday hit all time highs for DOW movement in a day?

WH Briefing summary so far.

No student loan payments for 60 days.
IRS extension 3 months.
Approves of shutting states down. Governors in agreement.
Border discussion - guessing Mexico border will be jointly closed.

The big move was Cuomo

last 3 fridays have had massive rallies. Then massive selloffs after weekend news.

gougler08 said:

---

Cromagnum said:

---

All the signs of a classic (lately) strong Friday open and crash at close.

---

Didn't last Friday hit all time highs for DOW movement in a day?

---

Yes. Basically every Friday it's gone on a run for like 1K points in the last hour or so

Did they halt trading

Anyone looking at ET? Large gap between 8.59 & 10.18, and massive dividend (for now). Currently trading at 5.17

Aggie_3 said:

---

Did they halt trading

---

No

OA where do we see OVV playing out through the course of this?
Assuming the market goes down or stays sideways through election.

I hope someone played this one!! BLPH through the roof..

Bellerophon Therapeutics Inc. shares jumped 500% to $21.40 after the company said the U.S. Food and Drug Administration has granted emergency expanded access allowing its proprietary inhaled nitric oxide delivery system, INOpulse, to immediately be used for the treatment of Covid-19.

Volume for the stock was 2.7 million shares at 10:30 a.m. ET, compared with its 65-day average volume of 530,000 shares. The stock hit its 52-week high of $26 early in the session, after hitting its 52-week low of $3.19 Thursday.

The company said nitric oxide is a naturally produced molecule that is critical to the immune response against pathogens and infections. In vitro studies have shown that nitric oxide inhibits the replication of severe acute respiratory syndrome-related coronavirus and improves survival for cells infected with SARS-CoV-2, it said.

IrishTxAggie said:

---

Aggie_3 said:

---

Did they halt trading

---

No

---

All the tickers have been stopped on my apps and on the tv for last almost 10 minutes now

I'm sure Chuck Schumer and others played it

Looks like glitch on my side

Every knee shall bow and every tongue shall confess

There's active B/A on my terminal.

Man, SPX trying to go under 2350

I've had some luck getting mid points on covered calls lately...on things that have a big spread it can be a decent chunk more $$ in premium. If your selling anything, I'd look at limits on mid points right now (if you aren't already)...

Curious what happens in the case you buy a put and the market is closed due to circuit breakers on the same day of expiration? Is it automatically sold out? Or expire worthless with the market closure?

Anybody watching trump speak?

jj9000 said:

---

Yes. He just went off on a reporter.

---

What did the reporter ask?

You lose your money. Expires worthless.

What if it's ITM?

How the market is recovering right now is beyond me. Trump is going off the rails

Every knee shall bow and every tongue shall confess

Good lawd, this trader on CNBC says he's buying SPY 105 and sees DJIA 10000-12500.

I don't see it but damn.

I believe your broker has to find a private transaction to exercise your itm option.

Saw a slight bump up from the lows

AggiePeeps06 said:

---

How the market is recovering right now is beyond me. Trump is going off the rails

---

How specifically?

aginlakeway said:

---

jj9000 said:

---

Yes. He just went off on a reporter.

---

What did the reporter ask?

---

Reporter: "What do you say to Americans that are scared?"

Trump: "You're a terrible reporter and that is a nasty question."


Total meltdown.

Prognightmare said:

---

Good lawd, this trader on CNBC says he's buying SPY 105 and sees DJIA 10000-12500.

I don't see it but damn.

---

I only heard him say SPY 105, figured he meant 205 but maybe he did in fact mean 105.

Former tennis coach was what he actually does, right?