Option Expiration Limits Stock Index Movement

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Option Expiration Limits Stock Index Movement

Post  forexboy on Sun Jul 19, 2009 7:14 pm

Today’s sample of Futures Analysis from FuturesHound.com

Trading was limited in the September E-mini S&P 500 and September E-mini Dow on Friday as traders took a rest after more than ample gains earlier in the week. The fact that today was an option expiration day contributed to the light, range bound trading. At times it seemed equities were winding themselves up for a volatile afternoon but this never materialized.

While S&P 500 and Dow traders were keeping it tight, the September E-mini NASDAQ continued to soar to the upside Today’s action took this market to a new high this year and the close on the high set it up for further gains next week.

Comments from a banking analyst set off the equity markets earlier this week, but it was better than expected earnings from Goldman Sachs, Intel Corp., JP Morgan, Bank of America and Citigroup which helped accelerate the rally to the upside.

Read full article at FuturesHound.com as well as Futures Analysis, Futures Education and exclusive timely market Gann Analysis

Disclaimer: Trading on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore should not invest money that you cannot afford to lose.

forexboy

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