"We Absorbed The Brunt Of The Storm" - Citadel's Rubner Calls The Start Of The Year-End Rally

As we enter that time of year when markets are supposed to calm (along with vol) and the glorious Santa Rally takes our withering hand to lift us back to new record highs, Citadel Securities' flows guru, Scott Rubner, has some opening thoughts for a period that will likely be far busier than the norm.

1. Option Expiration

November Option Expiration is now behind us, and vol-selling products will start to replace dealer gamma.