Meta Strategy Trading Portfolio – Probability Map Update.

OpEx Turnarounds

An interesting feature of an increasingly option-driven stock market is that big monthly or quarterly options expirations often lead to turnarounds, if the market has a strong directional move into expiration.

Strong rallies into OpEx often consolidate the week after options expiry with varying downside.

With some additional negative factors brewing today, I expect a moderate pullback into the end of June as part of a gentle ebb and flow of a slow summer market advance.