OpEx dynamics at works til Friday
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