A good day for the QLD/QID delta neutral setup. Markets reversed from Sunday night's red open to a Monday morning blowout for the NAZ. The DOW was held back by a 13% swoon in Boeing stock but the Qs were the momentum leaders from the open to the close.
Note that the "best odds" value for QLD has fallen to a new multiyear low of 1.1...completely contradicting its beta value of 2.