Clearly, the Whole World Was Betting on a Santa Rally

A recalcitrant, pooch-screwing stock market refuses to kick off the ‘Santa rally’ everyone appears to have expected. Instead, Mr Market has made roadkill of bullish bettors, especially those who used out-of-the-money calls as a vehicle.  There may still be a play, though, if my hunch is correct about a powerful short-squeeze somewhat ahead of next Friday’s option expiration. For my further thoughts on this — and a possible strategy when there are just figurative seconds left on the clock — check out today’s Netflix tout.