Dow Rules November Monthly Op-Ex Week

DJIA has been up 14 of the last 20 years on November’s
monthly option expiration Friday with an average gain of 0.37%. By the way, it
is not a mistake that November Op-Ex day has the same point change and percent
change in 2014 and 2015. It was triple checked and it’s correct. If you go out
2 more decimal places in the percentage calculation, it’s different. Since
1994, DJIA has advanced 19 times out of 28 during the full week with an average
gain of 0.41%, but the week is down 4 of the last 5.

S&P 500, NASDAQ and Russell 2000 have not been as
bullish as DJIA around or on November monthly option expiration. S&P 500 and
NASDAQ have advanced only 18 times during options expiration week while Russell
2000 has climbed 15 times over the past 28 years. Friday’s solid average gains
across the board are largely due to a sizable gain in 2008.