The Wrecking Ball Keeps Swinging
Q3 Opex. So, duck. Wait. Duck again. OH AND DUCK AGAIN. Is it safe yet?
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Still Opex
Today and maybe even into tomorrow we will continue to see the backwash effects of Q3 options expiry. If you missed our guide to opex and why it matters, check our note and video that we posted Thursday, here.
Last week we saw a big run-up in the indices Thursday only for it all to sell off again, and more, on Friday. Today, we expect more volatility as market makers re-hedge their books after the large volume of derivatives expired Friday at the close. We also have FOMC coming up, so this is likely to be a week when market direction is unclear.
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As a Premium or Pro member, you can use these daily market notes in support of equity index investing and trading.
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Now - onto those charts!