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Since we've been in a long bull market, with pullbacks of short duration,
these numbers mean nothing by themselves. Anyone have the statistics for an
average week during the same periods?
DanG
"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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