We got the options unraveling move after the first hour and it was to the upside. Volume was light and we are now into triple expiration mode. Opening Range plays worked. Friday should be a bust, but I will be around for the early action and OR plays. NASDAQ volume closed at 1.7 billion shares.
Net ticks: +6 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 didn’t work, triggered short at B and did:
NQ Opening Range Play triggered long at A and worked, triggered short at B and worked but I closed it for a 4 tick winner when it stalled:
ES Tradesight Institutional Range Play:
NQ Tradesight Institutional Range Play: