TFMR Podcast – Monday, July 14

Just your standard Monday of NYSE option expiration week as prices were set upon immediately at the Comex open and the selling pressure remained unrelenting all the way through the afternoon Globex. But while TFMR Adage #2 came in to play today with the typical selling just when things looked rosiest, TFMR Adage #1 is always a possibility as the Friday close remains 96 hours away.

For today, a general discussion of the semi-euphoria I witnessed over the weekend and a discussion of how rising open interest betrays the notion that somehow The Banks are frightened and moving to…