As we move through the calendar... and we're already more than halfway through January ...today is the third Friday of he month. This means that all monthly options on listed equities and ETFs will expire and price at today's 4:00 ET close. Sometimes this brings overt price management. Sometimes it doesn't. What will today bring?
Well, we know what it has brought thus far. Flat bonds, a bounce in the POSX and an overnight drop in both PMs. However and in a very welcome development, now that the action has shifted to the US, the POSX is backing off and the PMs are bouncing. In...