The markets are slightly higher ahead of options expiration today, let's look at what has happened historically on opex day.
The markets are slightly higher ahead of options expiration today, let's look at what has happened historically on opex day.
Key Event: Options Expiration
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. 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 - Flat overnight and likely into the open
Instrument - ES, RTY, NQ, YM
Trading SetUp - Intraday Entry
Market Trend - Weak Bull
Trade Type - Long
Entry - 9:30 pm ET (Market Open)
Exit - 4:15 pm ET (Market Close)
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