Trading around May option expiration is mostly a mixed bag. Only the first day of the week (today) has a solidly bullish bias over the past 36 years. Trading the rest of the week into Friday, and the following week has historically been choppy. DJIA has been down nineteen of the last thirty-six May expiration days with an average loss of 0.12%. The full-week has a bearish bias for DJIA and S&P 500 with records of 19 declines and 17 advances over the past 36 years. More recently, DJIA has suffered declines in seven of the past nine expiration weeks.
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As always, please use protective buy and sell stops when trading futures and options.
Disclaimer: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Any decision to purchase or sell as a result of the opinions expressed in the forum will be the full responsibility of the person(s) authorizing such transaction(s). BE ADVISED TO ALWAYS USE PROTECTIVE STOP LOSSES AND ALLOW FOR SLIPPAGE TO MANAGE YOUR TRADE(S) AS AN INVESTOR COULD LOSE ALL OR MORE THAN THEIR INITIAL INVESTMENT. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
