© Copyright 2025 eOption, a division of Regal Securities, Inc., Member
FINRA/
SIPC |
Important Disclosures
950 Milwaukee Ave., Ste. 102 | Glenview, IL 60025
The information on this web site is for discussion and information purposes only. All accounts accepted at the discretion of eOption which accepts customer orders only on an unsolicited basis, and does not make any recommendations regarding any security or securities product with the possible exception of orders executed by our full service bond desk. Nothing contained herein should be considered as an offer to buy or sell any security or securities product. Online trading has inherent risks due to loss of online services or delays from system performance, risk parameters, market conditions, and erroneous or unavailable market data.
FINRA BrokerCheck reports for Regal Securities and its investment professionals are available at www.finra.org/brokercheck.
Options Disclosure: Options involve risk and are not suitable for all investors. Prior to trading options, you must be approved for options trading and read the Characteristics and Risks of Standardized Options. A copy may also be requested via email at support@eoption.com or via mail to eOption, 950 Milwaukee Ave., Ste. 102, Glenview, IL 60025. Online trading has inherent risks due to loss of online services or delays from system performance, risk parameters, market conditions, and erroneous or unavailable market data.
eOption Commissions: Broker-assisted orders are an additional $15. Option strategies involve multiple purchases; therefore your transaction costs may be significant for option strategy trades. A commission rate of $2.00 for equities and $3.99 + $.10/contract for options, per execution, applies to orders entered and filled by eOption's Auto Trade Desk and does not apply to customers who enter their trades directly into the eOption platform and are not utilizing the Auto Trade desk.
Broker Comparison: The competitor rates from published websites were verified on 05/25/2023 and are believed to be accurate, but not guaranteed. Commissions are subject to change without notice. At some firms, commissions may not reflect broker-assisted fees, orders over 1,000 shares, penny stock trades, OTCBB, pink sheet stocks or foreign stock orders. Firms may offer reduced commissions if additional criteria are met.
Blog & Commentary: eOption is neither affiliated with, sponsored by, nor endorses commentary and the opinions expressed are solely their own. Content is provided for educational and informational purposes only and eOption cannot attest to its accuracy or completeness. No information provided has been endorsed by eOption.com and does not constitute a recommendation by eOption to buy or sell a particular investment. You are solely responsible for your own investment decisions, and eOption makes no investment recommendations and does not provide financial, tax or legal advice.
Spooky “Triple Witch”
www.oneoption.com
There’s a reason they call this triple witching and not triple scoop of ice cream with a cherry on top.
PRE-OPEN MARKET COMMENTS FRIDAY – It has been a nasty triple witch and the FOMC statement sparked some selling. Politicians aren’t doing the market any favors and it looks like we are going to have a government shutdown. The market dropped overnight and we are likely to see more selling. I don’t believe triple witching will have much of an impact since most of those positions have been “rolled”.
Yesterday the market had a very meager attempt at a bounce early in the day. That move never gained traction. If buyers were interested, they would have scooped this drop. They didn’t and that is a sign of selling pressure. When we get a long red candle, we want to preserve the middle of the candle. Mission accomplished. An even more convincing result would be a close near the close of the long red candle. That would be a sign that buyers could not even retrace any of that long red candle. That’s what we got.
There was a small bounce when the PCE core was released, but that was meaningless as far as I’m concerned.
Republicans are steadfast. They are not going to pass the first bill drafted by Democrats. Democrats are steadfast and they are not going to sign the new bill drafted by Republicans. This is a standoff and the chances if it being resolved today are next to nil. This leaves investors uneasy heading into the weekend.
A government shut down is not the end of the world. I’ve been through a few of these and they are benign. Politicians will do some grandstanding and it will get resolved. Even if this drags out for a month, it won’t have a long term impact.
Know that a gap and go down is likely. If we get a bounce it will give you a chance to look for weakness. I wouldn’t load up on shorts. Only day trade from the short side. I CAN’T STRESS THIS ENOUGH!
Year end seasonal strength is not something you want to fade. Stick to day trading.
I’ll watch the price action. Let’s see where we go.
Support is the 100-day MA and AVWAPQ is resistance.
Content is provided by OneOption, LLC, which has no affiliation with Regal Securities, Inc. (“Regal”) This commentary is provided for information purposes only, and is not a recommendation, offer or solicitation by Regal to buy or sell securities or to adopt any investment strategy. Regal has not participated in the creation of the OneOption content and does not directly or indirectly endorse the content. Any reliance on this material is at the sole discretion of the reader.