ajtj's Post-Lobotomy Market Charts and Thoughts Message Board

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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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To: robert b furman who wrote (43085)	11/12/2021 10:26:08 PM
From: ajtj99	Read Replies (1) of 97327

Bob, weekly option activity now dwarfs monthly op-ex in the aggregate. The option positioning on active issues is happening dynamically nearly every day. XOM has weekly options. CVX has weekly options. The old option trends do not apply anymore, IMO. This is not 2007 for most stocks and indexes. QQQ has 3-option expirations per week! So does the SPY! That said, we appear to be in agreement on the XOP read over the next couple of weeks. There are a lot of folks who are up big time over the past year on energy who may wish to re-balance going into 2022. That may be a headwind some are not expecting. Tax loss selling/portfolio re-balancing often takes place from Dec. 5 to the 15th, so there's that around the corner as well.

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