July options expiration mixed

Charts, Commentary, News, Stocks, Technical Analysis

Since 1982, the Friday of options expiration week has a bearish bias for DJIA declining 18 times in 35 years with two unchanged years, 1991 and 1995. On Friday the average loss is a significant 0.29% for DJIA and 0.31% for S&P 500. NASDAQ’s record is even weaker, down 21 of 35 years with an average loss of 0.46%. DJIA posts the best full-week performance, up 22 of 35 with an average 0.41% gain. The week after options expiration also leans bearish for S&P 500 and NASDAQ over the longer-term with average losses. In recent years the track record had been improving until 2015’s across the board, greater than 2% loss.

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Stock Trader's Almanac (908 Posts)

Jeffrey A. Hirsch is Editor in Chief of the Stock Trader’s Almanac. His latest book "The Little Book of Stock Market Cycles" (Wiley) was published in August 2012. As a frequent participant in the MrTopStep IM-Pro Trading Room, he shares trading insights with our other professional traders and new traders eager to experience the power of collective intelligence. Join us today and get the edge only social trading can give you.

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