Options Expiration Day Trading Ideas

November 20th, 2009

I had mentioned previously that the markets would likely pull back this week in preparation for expiration today. In pre-market trading that’s exactly what they are doing! The /ES is down big time over night and headed for more losses. On the daily chart you can see that the next major support isn’t until the Green area.  Clearly it’s going to be another wonderful day for members and I with our shorts.

 

S&P

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