| | | | TURNMIRE TRADING NEWS MINUTE
Preview: Hot Trades on Steroids
On Friday’s Morning Monster session, Jeffry delved into the significance of the largest options expiration in history and its potential impact on the market.
He explained that this massive options expiration event, abbreviated to OPEX, has been creating significant resistance for the market. This wall of options contracts that expired on Friday had essentially been keeping the market in check, preventing it from making any substantial moves in either direction.
Jeffry highlighted that with the expiration of these options, a significant amount of "air" is being released, potentially freeing up the market to move more freely.
He compared this scenario to a heavy weight being lifted, which could pave the way for more significant market movements. The end of this OPEX cycle could lead to a period of increased volatility and potential upward or downward trends, depending on how traders react to the newfound freedom in the market.
He emphasized the importance of watching how the market reacts in the days following the expiration.
The potential for a shift in market dynamics is high, as traders who were previously hedged with these options will now need to reposition themselves. This repositioning could create new trends and opportunities for savvy traders to capitalize on.
He also pointed to a potential “bearish engulfing” candle on the SPX and warned that more similar activity could signal a move to the downside.
He urged his viewers to stay alert and be prepared for potential changes.
For Jeffry’s full analysis, watch Friday’s Morning Monster between 0:50 and 8:30.
— The Jeffry Turnmire Trading Team | | | | |
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