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STOCKS;  OPTION EXPIRATION WEEK.


I read an article some time ago that stated option
expiration week tends to have an upward bias. 
Tradehard made the following statement on June 17th: 

> Tomorrow is the quarterly expiration of options on stocks, stock indexes
> and stock index futures. Stocks over the past five years have generally
> moved higher in the week of the triple-witching options expiration. 
> 
> http://www.tradehard.com/index2.cfm

the results for the last 5 years for All  months and
the last 12 years through this month are below.

Last 5 years.

Up 35 weeks  or 56%
Down 13 weeks or 21%
Unch. 14 weeks or 23% ( Unchanged is a net change of
less that .05%

>From 1988 to date.

Up 75 weeks or 54%
Down 35 weeks or 26%
Unch. 28 weeks or 20%

The best 3 months: Jan, Apr and Dec.
The worst 3 months: June, July and Aug. 

Triple witching only:

Last 5 1/2  years

Up 15 weeks or 68%
Down 2 weeks or 9%
Unch. 5 weeks or 23%

>From 1988 to date:

Up 25 weeks or 54%
Down 10 weeks or 22%
Unch. 11 weeks or 24%

A week to watch in the future.  There is an old saying:
If you p--- into an east wind you will get wet.  Why
did I do the study.  I got wet. Fair warning. Mark your
calendar. 

Norman E.