Sunday, March 15, 2009
Friday's Market Action
I'm still short - having done nothing on Friday.
This is expiration week; it's actually *triple witching* because options, futures on options, and a bunch of other stuff rolls over.
Talking heads who've nothing better to do, forever bleat that *expiration week is volatile*.
Is it now?
I don't care what any *researchers* assert.
In 13+ years of trading (half of that in equity option pits) I never noticed one iota of increased volatility during expiration week.
And note that there's almost no way this upcoming week could be more volatile than the previous two.
I have no directional prediction for the market - only hopes ↓↓↓↓.
See my previous trading update here.