Stocks opened on Monday morning higher after a wild week of trading last week that ended with the Dow 400 points down on Friday afternoon. Thomas Hayes, the chairman of Great Hill Capital, joined Cheddar News to discuss if the market movement is a trap. “There there are no sellers left," he said. "What you basically saw last week was retail traders bought $19.9 billion worth of put premium to open. They only bought 6.5 billion of calls. This is the first time in history where puts were three times calls and every time this number even got close in history you were near a major low whether that was 2020 pandemic 2016, or 2003. So as I said, you know, no one's position for upside."