Condor Options

Quick, somebody sell Tim Knight some option premium!

There’s something wrong with the picture at left, but nothing wrong with these markets if you’ve been a premium seller for the past couple weeks.

On the other hand, even deft swing traders are getting whiplashed around.  Everyone is betting on a breakout or breakdown after the holiday, and they’re probably right.  Until then, it pays to get paid to sit on your hands.

To be fair, the phenomenon pictured here is just a funnier instance of an empirically verified tendency among the powerful; although to be even fairer, some powerful people have more perspective than others.  Enough politics, though: please resume your regularly scheduled overbought, low volume, pre-holiday market rally.