They are moving $30 trillion market with a few billion. Buying a few billion worth of near term calls, forcing dealers to buy stocks and index futures to hedge. Spread between bid/ask widens because of this massive one sided option market therefore VIX & VVIX spike

Think about it, what will stop this infinite loop. A few firms responsible for this & the trade is getting very crowded.

The next most profitable move will be to take crowd's money and create an environment to effect elections

Every parabola will correct %100 by the end of Oct

Breadth is telling the truth, the truth is, this market will crash when the bid below the options disappears.

But rise in VIX may be an indication that they are buying tons of calls, also low P/C ratios may be deceiving. Normally high VIX and low PC were bearish, not now.

Watch for 2 market events.

A large gap up will trigger a mass liquidation of options, which will force dealers to sell stocks and futures to unroll the hedges.

A large gap down will also kill it. Billions worth of options suddenly down 50% at the open, triggering liquidation

There is a high probability that those 3 firms that cornered the option market have political agendas or goals. Sad thing is, its is all legal and no need for Sec to investigate. If Dems, then they will pull out and the market will crash before elections. If rep then up up away