I’ll bet leveraged longs who got sold out by their brokers at the intraday lows don’t get their money or their positions back.
That’s a real-money example of ‘it is what it is.’
Going through T&S charts right now starting at 2:30, and so far nothing big. A couple hundred shares here and there up through 2:50:08 – all right around $71.
I’ll follow up if I can find anything that stands out.
Interesting to note that at MMM low of $68, the Puts I have only went to $6.60. No options traded or I would have seen at least a $15 premium on the contracts. They closed at $5.95. I’m thinking this happened so fast (signature response to a program sell error) nobody had any time to do anything – right or wrong. Unless of course someone was foolish enough to have a market order sell somewhere down in the mid 70s.
This will be interesting to fully dissect though.