May 16, 2012
- in Uncategorized by schooloftrade
+195ticks trading Crude Oil & E-Mini-Russell on Wacky Wednesday
This morning was ‘Wacky Wednesday’ which is the Wednesday of OPEX week. The third Friday of the month is when options expire (unless the first day of the month is a Friday) so today we had to be aware of this and plan our trading accordingly. Wacky Wednesday will have large amounts of unexpected volume coming and going all day as traders begin to ‘balance’ their client accounts before the options they are trading expire on Saturday morning. Every trader needs to have all their work done before Friday at the close and they get started on Wednesday.
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