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Something's seriously wrong with this market.

The Fed cut rates yesterday... and interest rates went HIGHER. 84 million option contracts traded today - a NEW RECORD - and the market barely flinched. Meanwhile, volatility futures finished higher while the S&P hit new highs.

Dogs and cats living together, people.

After 15 years at thinkorswim and TD Ameritrade, I know when something stinks. Right now? This whole setup reeks. 

TODAY'S KEY REVELATIONS:

• Why the SPX ($6,664 product) traded 4 million contracts while Apple looks like a "pimple"

• Home builders got their rate cut... then closed at LOWER edge of expected move

• The shocking reason next week's volatility just dropped to "rock bottom" (VIX under 11)

• Why I'm telling you: DON'T sell short-dated options - you'll get killed

Video Length: 00:20:32

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