Got into weekly 260 puts expiring tomorrow. I'm looking at a pattern of channels on this runup over the past year or so. It has a tendency to have a big spike like this, followed by a pretty decent down move the next day. Just playing patterns. Yes the house passed the tax bill today, but that's what they were supposed to do the whole time. The SENATE is really the question here, and it doesn't seem like they are that close at the current moment. I'd assume people will take some profits tomorrow into the weekend as well. I guess we'll see!
BTO SPY 11/17/17 $260 puts @ 1.11 fill