same shit, different day

a couple of months ago spy hit 606 nearing christmas and someone put a warning in the wallstreetbets sub saying how many call options there were that week and how that squeeze will lead to a crash in spy. low and behold the next day spy went down 3% from 604 to 586. the thing is right now that squeeze is for the puts, which is why there was a flat line today because there aren’t as many buyers as there are sellers, but no one is selling from the squeeze.

ie: what the fucks about to happen on open tuesday