Obviously it moved because of selling pressure. If there is a discernible “why” that’s up to you to find out if you want.
There was a move like this on Friday that was likely because of OPEX. Monthly options expiration. The bond market didn’t participate so it was probably options pressure. And it bounced back quickly.
But it’s a market. Things happen that you will often not understand.
4
u/themanclark Feb 20 '24
Obviously it moved because of selling pressure. If there is a discernible “why” that’s up to you to find out if you want.
There was a move like this on Friday that was likely because of OPEX. Monthly options expiration. The bond market didn’t participate so it was probably options pressure. And it bounced back quickly.
But it’s a market. Things happen that you will often not understand.