RIMM and ORCL both announced earnings results that exceeded analysts' expectations. The positive surprises helped bring buyers back into the action after they had stepped to the sidelines in the previous session's sell-off. QQQQ implied volatility plunged to 19.8 as large traders dumped protective puts and bet on the upswing.
Saturday, December 19, 2009
Bounced back
RIMM and ORCL both announced earnings results that exceeded analysts' expectations. The positive surprises helped bring buyers back into the action after they had stepped to the sidelines in the previous session's sell-off. QQQQ implied volatility plunged to 19.8 as large traders dumped protective puts and bet on the upswing.
