Straddles Ahead of Freaky Friday?

Yesterday’s weakness was encouraging, since it showed that DaBoyz are having increasing difficulty putting two consecutive short-squeeze rallies together. Don’t count these thieves out yet, though, since they draw their magical power to control the markets from complacent, self-absorbed bears. If the broad averages merely tread water till Friday, that could set up a squeeze ahead of the weekend. It could also feed disappointment and turn into a rout. For traders, the clear implication is that you should take a few straddles home Thursday night.