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November Monthly Option Expiration Week: DJIA Best

DJIA has been up 14 of the last 19 years on November’s monthly option expiration Friday with an average gain of 0.49%. 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 its correct. If you go out 2 more decimal places in the percentage calculation, it’s different. Since 1994, DJIA has advanced 19 times during the full week with an average gain of 0.48%.

S&P 500, NASDAQ and Russell 2000 have not been as bullish as DJIA around or on November monthly option expiration. S&P 500 has advanced only 17 times during options expiration week while NASDAQ and Russell 2000 have climbed 17 and 15 times respectively over the past 27 years. Friday’s solid average gains across the board are largely due to a sizable gain in 2008.

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