OpEx dynamics at works til Friday

By Lawrence

It is the last few days to option expiration Friday for July.

Yes it is a bit early for a 3rd Friday and it does happen from time to time.

What it means for S&P 500 and its related products?

  • At least 5 to 6 swings of 10+ points
  • Going back to previous month close level or even 50% of this month’s range
  • Forced gap fill of all nearby gaps