A wild market.

As discussed yesterday, the automatically expanding limit came into play today (plus or minus 90 cents from yesterday’s close). Price was very volatile, fluctuating through a range of over 50 cents in the first 10 minutes of the session, but the automatic limit adjustment mechanism seems to be working and allowing the price to find its level without artificial restraint. 

I joined an early push to the long side, but this faltered and I was stopped out for a loss of 15.5 points.

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According to the new rule, if there are no further limit moves during this and the next two sessions, the limit will revert to 60 cents. 

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