Optimism or Pessimism before Opex Day?

11/19/2020 08:56 AM By Matt Ratliff
We are approaching options expiration day, here is a quick study looking at what has happened the day before opex.

Day - Thursday

Opening Gap Direction - Down

Market Status - Quiet small range 

Instrument - ES, RTY, NQ, YM

Trading SetUp - Long

Market Trend - Bull

Trade Type - Intraday Entry

Entry - 9:30 pm 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. 


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