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The interesting study might be will the Monday after expiration be directly
opposite to Friday. Friday down, Monday up. Ira.
"Norman E. Phair" wrote:
> 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.
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