November Expiration Week: DJIA has Best Record By: Almanac Trader | November 9, 2018
DJIA has been up 10 of the last 14 years on Monday of expiration week and Friday is up 12 of the last 16 years with an average gain of 0.55%. For you fact-checkers our there it is not a mistake that November Op-Ex day has the same point change and percent change in 2014 and 2015. I triple checked, its right. If you go out 2 more decimal places in the percentage calculation it’s different, but that is getting way too wonky for a Friday afternoon post.
S&P 500, NASDAQ and Russell 2000 have not been as bullish as DJIA around or on November option expiration. S&P 500 has advanced only 16 times during options expiration week while NASDAQ and Russell 2000 have climbed only 15 and 14 times respectively over the past 24 years. All four indices have posted average losses on Monday and aside from DJIA and S&P 500 have been essentially mixed on options expiration day. Friday’s solid average gains across the board are largely due to a sizable gain in 2008. Any weakness next week could be a good entry point for new longs ahead of the usually bullish Thanksgiving holiday. Note solid strength during the week after options expiration since 2002. The worst blemish on the recent history is 2011.
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