focused-trades-logo-w-taylor
focused-trades-logo-MOBILE

Options Trading Mid-Week Update: November Option Expiration Week


This week we’re taking a look at the Nasdaq Trading Calendar to break down certain events that could affect the overall market. It’s important to be aware of these events, so we can stay informed and make better trading decisions. Heading into November 19, we are approaching the option-expiration date, which could lead to sideways action and potential selling pressure. Let’s discuss the current market conditions and review some of our favorite setups we’re watching this week. Link to Nasdaq Trading Calendar 2021: http://www.nasdaqtrader.com/content/technicalsupport/tradingcalendar.pdf

 

Options Trading Mid-Week Update: Wild Pullback Has Appeared


In this video, we’ll be reviewing the market conditions, mainly focusing on the major indices and the Volatility index (VIX) to close out the week strong. The S&P 500 (ES) is showing the market is very extended as we’re ripping to all-time highs and trading at 3+ average true ranges (ATR) away from the daily mean for the second time this year. This calls for technical exhaustion, where we can continue to grind higher but this could also signal a pullback. It’s important to remember to listen and react to the market rather than expect a huge pullback.