Friday's trading was under the influence of the quadruple options expiration. This week we'll see where we are. Large traders now believe that things are less bad than before with the economy and earnings prospects, but the lack of action suggests investors are waiting for headlines to drive the market. Looking ahead to next week, there are a few notable earnings releases, including Oracle (ORCL) on Tuesday (6/23). Apple was expected to sell as many as 500,000 new iPhones this weekend. QQQQ's implied volatility plunged as large trader dumped put options and bet on an upswing.
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