Quote:
Originally Posted by ajlaxmn
Do you expect it to be as choppy as it has been on past Apex? Or do you expect some good moves I’ll probably follow, but if it starts out chopping in the morning, I may just call it a day.
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It's OPEX but also includes the December Futures expiration.
Quote:
NEW YORK (Reuters) -Dealers squaring their books ahead of an options expiration that is set to be the largest on record for S&P 500-linked derivatives may be helping to tamp down swings in U.S. stocks, market participants said.
Some $5 trillion in U.S. stock options are set to expire on Friday, 80% in S&P 500-linked contracts - the largest such expiration in at least 20 years - according to Asym500 MRA Institutional, a unit of derivatives strategy and execution firm Macro Risk Advisors.
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So based on that alone I'll play this OPEX as I do expect a nice move. I'll watch how the market moves as the AM options expire and go from there.
That said, I will be playing light size with profits from this week so if I take an L it won't be a big deal.