Is Opex Day in November different than other Months?

11/20/2020 09:02 AM By Matt Ratliff
Today is options expiration day, here is a quick study on options expiration day in November.
Key Event: Options Expiration 

More Details: The monthly expiration date for listed stock options in the United States is normally the third Friday of the contract month or the month that the contract expires. On months that the Friday falls on a holiday, the expiration date is on Thursday immediately before the third Friday. Once an options or futures contract passes its expiration date, the contract is invalid. Therefore, traders must decide what to do with their options by this last trading day. 

Day - Friday

Opening Gap Direction - N/A

Market Status - Options Expiration Day

Instrument - ES, RTY, NQ, YM

Trading SetUp - Long

Market Trend - Bull

Trade Type - Intraday Entry

Entry - 9:30 am ET (Market Open)

Exit - 4:15 pm ET (Market Close)



Note:  Most tests/studies are done going long using Future Indices.  This is done for several reasons; so you can easily compare different studies/tests, and because of the high correlation of these Indices to other instruments.  Make your comments and ask your questions below. 


Click the "Sign Up" button below to receive the DailyiQ messages in your email inbox immediately as they are released.

Sign Up for the DailyiQ
Click below to share with your friends or colleagues