After a surprisingly very bullish Dec/Jan OpEx, lets see if we are back to snoozefest & grind lower tomorrow.
Updated historical performance:
(All option payoffs on 1x notional position size)
Dec/Jan largest up OpEx days since Jan 2024.
A ‘one-off’ overnight gap higher in Jan, have not seen that in a while.
RTH still a snoozefest after the morning expiration.
Post London Close, largely stable drift lower, Dec/Jan no different in that regard.
How does the move on OpEx compare to any other day in magnitude?