And now it’s up over 200, damn casino. LOL
Options. One of the features of put-heavy markets are huge rallies & violent mean reversions.
This is because as markets rally, puts lose value which drains rally fuel.
When markets sell off, puts regain value fueling downside.
Also, lots of these issues are ‘known’ ie inflation, etc. Some people, like Larry Williams think this is a bottom and are bullish heading forward.