By Lawrence G. McMillan
One system that we normally trade is the one that says the market declines the week after September expiration. This definition of “expiration” goes back to the days before weekly options, so it refers to the third Friday of the month (today, September 15th). Last year, this system did not work, but it has produced profits in 22 of the last 27 years. The track record is shown below. Note that a negative number is “win” (i.e., the market went down) while a positive number is a “loss.”
Despite the failure of last year, we are going to...
This excerpt was taken from the 9/15/17 edition of The Option Strategist Newsletter. Read the full article by subscribing today.
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