There was a lot of headscratching across Wall Street yesterday when exactly at 10:40am ET S&P futures swooned, with no fundamental news to catalyze the move. And then, 80 minutes later, the selling suddenly stopped and reversed as stocks staged a remarkable recovery with the S&P closing almost unchanged from its opening price.
A bizarre U-turn which left many asking what happened? We now have the answer, and yes – as many speculated, 0DTE was involved, only this time in (record) size.
As Goldman flows guru Scott Rubner writes this morning, there was a major development in 0DTEs, that he needed to flag ahead of his regular weekly commentary:
by Tyler Durden
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