After some significantly volatile after-hours action, the wunderkinds of the Nasdaq have reverted back up to their VWAPs as all is well once again and the media narrative can play out... AAPL volume is not heavy (remember we said option-skews were near-record levels - implying everyone and their mum owns downside protection and will be unloading into the open tomorrow). QQQs are suffering more than AAPL for now - implying that's where the hedges went. AMZN's move was even more impressive wrigging back up to VWAP. Who is the marginal buyer here? As we post, both are leaking back from VWAP's safe harbor...
AAPL return to VWAP and fade...
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AMZN return to VWAP and fade...
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