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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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To: ajtj99 who wrote (43061)11/12/2021 10:18:10 PM
From: robert b furman1 Recommendation

Recommended By
Jacob Snyder

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Hi AJ,

Next Friday is monthly options expiration.

The last several weeks have been up into this expiration. The week of expiration is usually very volatile, but within the range of the previous week. It works weak hands hard to adjust the market makers inventory, based on his needs. Meanwhile Macd has rolled over, so?

When up into expiration occurs, that is usually also like saying call buyers get assigned stock and that often stretches their margin/balances. Dips before expiration make profits for market makers when up into expiration happens - they advance the recent discount.

It is usual that post option expiration results in a sell off of a short time.

I'd say that fits your read quite closely.

For what its worth, I bot to close my XOM and CVX November puts early this week - they were just to cheap with two weeks left to go.

I expect yourread to be correct, especially after most indexes being up 10 to 11 days in a row and then trading sideways in volatility. Looks like reversion to above the mid keltner will not hurt oil in the cold winter months, especially with the international travel picking up for the holiday season, which will boost the lagging jet fuel complex.

Even Dollar strength should leave crude hanging in the low 70's to high of 90's.

That's enough for good EPS on Q4 for the oil patch.

Then there's the slow to boost production OPEX+, even if the small Permian players are enjoying cheating just a bit.

Just my read along with yours.

Bob

Bob
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