$SOXLB 5-minute trading volume was approximately $1.62 million, 8.2 times the previous average; the price fell 2.77% over the same period.
When trading volume spikes, many people instinctively assume money is flowing in, but that isn't necessarily the case.
Spreads and slippage often widen when volume surges, so entering or exiting with market orders can be costly.
Leave some room in your contract positions; don't let a single wick force you out of a trade.