By: Forbes Real Time
September 17, 2013 at 11:55 AM EDT
Keep Analyzing Your Trades
The sharply higher opening Monday likely hit the “taper bears” pretty hard as especially those with bearish option positions had little opportunity to get out. The Spyder Trust (SPY) gapped 1% higher on the opening. Options like the SPY October 170 puts opened 35% lower than they closed on last Friday.
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