Opex week during October has typically been a strong week
for the market. This can be seen in our op-ex week breakdown by month from March. And much of the upside edge has been thanks
to the strong op-ex Monday returns. But
op-ex Monday in 2008 was SO unusually strong (11.5% 1-day gain) that I decided
to run the numbers excluding it. So here
is a look at October op-ex Mondays since 1984 not including 2008.
As you can see the numbers are still very favorable. There appears to be a bit of a bullish seasonal
edge today.
2 comments:
My Stock Trader's Almanac says that the Monday before October expiration has been up 25 out of the last 31 years, so I think the effect goes back even further than 1984. It may go back to the beginning of the trading of listed options in 1973.
I rarly comment on blogs but I really like yours.Its hard to find good bloggers these days ... everyone seems to be doing it for the $$
Price Action Trading
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