To gain an edge, this is what you need to know now.
Massive Option Expiration
Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).
Note the following:
- A massive $3 trillion notional value option expiration is ahead next Friday.
- Weekly options expire today.
- Investors keep on buying puts.
- To hedge themselves, market makers who sold the puts are selling stocks.
- As the chart shows, the selling has totally eclipsed the buying on potential good news from Russia. Please see the Morning Capsule for details.