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OPEX Friday. Just 50 trading days left.
Danny Riley
October 18, 2024
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Our View
Well... there isn't much that hasn't been said already. Today is the monthly October options expiration. Yes, October! There are only 50 trading days left in the year 2024, and just 12 sessions left until the presidential election, bringing a surge in headline news and volatility. Right now, the ES and NQ have been grinding higher, with the ES marking its 47th new high for the year. Are the markets overextended? Yes. Does it matter? No, and for the same reasons—endless stimulus and the upcoming election.
9 Sessions left in October
20 Sessions in November
12 Sessions to the election
21 Sessions in December
50 Sessions left in 2024
