This was one of the lightest volume options expiration Fridays that I have ever seen. The markets gapped up and nothing happened. The gaps did not fill and we closed on only 1.6 billion NASDAQ shares, which is nuts for expiration. We did have nice Opening Range Plays.
Net ticks: -7 ticks.
As usual, let’s start by taking a look at the ES and NQ with our market directional lines, VWAP, and Comber on the 5-minute chart from today’s session:
ES and NQ Opening and Institutional Range Plays:
ES Opening Range Play triggered long at A and worked:
NQ Opening Range Play triggered long at A and worked:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play:
Probably shouldn’t have bothered making a call with the market so dead, but there was a nice inverted cup and handle against the UPT that triggered at A at 2085.75 and stopped. I did not put it back in: