Early Update -Second Largest Options Expiration in History

10:56 a.m. ET The averages opened to paring pre-market losses by half as the S&P found support at the 50-day sma, but have since given back that brief opening rebound. NASDAQ-100 (and Transports) is still displaying the best relative performance which is somewhat surprising given higher yields. SP-500 -1.25%, Dow -1.1% (Transports -0.85%), NASDAQ-100 -0.85%,…