The foreign desk is covering. Friday they trimmed 6198 short futures and 94113 short calls in one session. After six straight weeks of stacking that short higher. The first crack in a position takes six weeks. Friday was the first crack. And on the same session, the professional desk added 186102 long calls and 150735 long puts. Both sides. Paying for movement, not direction. Tomorrow is monthly expiry.

The macro doubled down over the weekend. Brent crude is at 99.03 this morning, down 4.36% overnight, below 100 for the first time this oil cycle. WTI 92.24. The peace pivot that died Wednesday came back Sunday night on the Trump Iran post. Rupee gained 51 paise overnight, USDINR 95.69 from Friday's 96.20. Asia is ripping. Nikkei 65192 up 2.93% all time high, Taiwan 2.82%, Hang Seng 0.85%. US Friday closed three all time highs, S&P 7473 o ...