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Options Expiry Chicanery Underway

This is the last quadruple witching expiration of the year, which is probably going to be wrought with all sorts of chicanery.

In a year when the most reliable trend was down, I suspect the market will go out a loser in 2015, limping through the “Santa Claus rally” as if it just got stuck in the chimney.

On this very joyous options expiration day, expect volatility, pain, and stupidity en masse.

In other words, you’d be much better served reading my archives or eating a sandwich, or both, than trying to trade this muck today.

For the record, I am still 95% long–eagerly awaiting a long overdue squeeze.

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2 comments

  1. lplongo

    That’s a great pic I could use in my line of work.

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