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@SmedleyButlerUS When he closes the Strait and says big things like, destroy xyz, Vol gets bid and Puts get brought by people who fear about -ve consequences. Then he comes and gives the mkt something positive. This leads to the market moving up on the bones of put buyers. Repeat. Put buyers gets squeezed and mkt remains stable/move up even though there are less real buyers. @jam_croissant Is that correct?

hotpotato3141 ↗