For a stock that has rocketed about 350% in five sessions, why is the most hotly traded options contract at the 50-cent level?
Some traders may now be selling puts at these high prices, hoping to buy them back at a lower price if volatility falls, pocketing the difference, said Henry Schwartz, head of product intelligence at Cboe.
The minutes of that meeting will be released Wednesday and are likely to detail just what drove that decision and how the Fed is factoring the promise of a coronavirus vaccine into its plans.
The faster we get that under control the more robust this recovery is going to look.