Retail idiots started buying massive 0DTE Puts once they woke up and saw their little Semi stocks down 10%.

They are getting Margin Called to the short side into 2:30 PM EST (e.g. having to cover ill -timed short bets and hedges).

Folks - if you want to short it, you have to do it before it goes down 10-15%. You cannot buy insurance when the hurricane is here.

This market is filled to the absolute brim with newbies and people that have no idea what they are doing. This is an excellent example.