2/12 low of 804 and yesterday high of 796 should provide res zone,there are 95000 open int in the spx feb 800 puts that will get marked on the open so i would shrt the 796-7 area in es,hoping thats the top
3 questions to Ammo or anyone else who has any thoughts on this:
what does it mean that they would "get marked"?
how do you know if the MM is net long or short the puts?
if you suspect a MM is long or short... would market try to move against the MM's position, or does the MM wield enough power to move the market for their position's benefit?