The stock market declined today, with the S&P 500 dropping around 0.6%. The day's trading was characterized by fluctuations, which have been common recently. Tomorrow is the options expiration (OPEX) event, where the S&P 500 monthly options will expire at the market's opening. This is expected to result in gamma being released, potentially giving the market more room to move. Additionally, individual stocks and ETFs will expire on the close.
© 2024 Mott Capital Management, LLC / Michael J. Kramer
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