Friday, June 19, 2009

Gap Up on Options Expirations Suggests Weakness into Early Next Week

If anyone didn't have time to get into the SDS trade yesterday, simply buying with a market order at the open today may end up being a good entry. It will be better than the entry yesterday, and historical stats of 2 day returns after a gap up on options expiration are solidly negative with minimal upside potential intratrade.

Exit will be at the next short-term oversold signal.


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