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Options Traders Steer Clear of Nasdaq Pop

 

Some options traders were looking at Monday morning's Nasdaq rally with bitter amusement and plenty of caution, considering how many recent rallies have been horrific failures.

Volatility Index
Today % Change
30.55 -1.00
Source: ILX

While the Nasdaq 100 was sporting a near-2% surge early Monday, some traders said customers were skeptical about the rally and its potential to remain, as volume was described as tepid at some firms. ...

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