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forward, considering the typical "Sell in May and go away" mentality. KLA Tencor (NASDAQ:KLAC), Conoco Phillips (NYSE:COP), and Kohlberg Kravis Roberts (NYSE:KKR) discount michael kors all saw very heavy call volume, and some people messaged me asking what this action was signaling. Always trying to educate my readers, this is part of a dividend capture technique used by MMs and huge investors to steal dividends. (You can read more about this technique here.) S cheap Michael Kors handbags ETF (NYSEARCA:SPY), S Index ^SPX, and the VIX were the top 3 in terms of option contracts today. The biggest name reporting earnings tonight is networking maker Cisco (NASDAQ:CSCO). , CSCO is well over 2x average daily volume, headed for 3x, and bears and bulls are beating each other to a pulp trying to get in front of these earnings. CSCO typically only trades 110K contracts, but today saw more than 230K with 2 hours left to trade. Interestingly, front month volatility continued to rise, while both back month volatility stayed mostly flat. This signals front month
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