Everyone calling for Black Monday after October opex needs to check the tape. History says the opposite.
$SPY has closed green 21 out of 26 times (81%) on the Monday after October expiration, averaging +0.71%. $QQQ is even stronger: 22 out of 26 (85%), averaging +0.90%.
Opex unwinds gamma, dealers cover short delta, and flows typically reverse bullish. The fantasizers are fading the pattern.
$SPY has closed green 21 out of 26 times (81%) on the Monday after October expiration, averaging +0.71%. $QQQ is even stronger: 22 out of 26 (85%), averaging +0.90%.
Opex unwinds gamma, dealers cover short delta, and flows typically reverse bullish. The fantasizers are fading the pattern.