Condor Options

Trading Against Low Volume Rallies

Much of the talk these days has been about the incredibly low volume across the board. Well, “incredible” isn’t the right word at all – this is a perennially quiet time of year in the market. But what was kind of interesting was today’s meaty rally on such low volume: except for the Nasdaq, the major indexes were up more than 1.5%.  So we wondered: Historically, would there be any edge in shorting large rallies that occur on very low…