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Mullooly Asset Management

Fiduciary Fee-Only Financial Planner | Investment Advisor in Wall, NJ

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Option Expiration Seems to be Missed by the Financial Media

June 21, 2008 by Thomas Mullooly

Frequent readers have seen earlier posts where I have discussed option expiration week and the volatility that comes with it. But there was scant mention of option expiration at all this week.  Options expired on Friday and the Dow Jones dropped 220 points.

Instead, we heard lots of “experts” speculating with reasons why the market might be falling.  Most of what I heard this week was “blah, blah, blah.”  I’ll say it again, the third week of the month (when options expire), we typically see more volatility in the markets.  Write that down.

Now this past Friday (June 20, 2008), we had “quadruple witching.”  This happens when when stock options, index options, index futures, and single stock futures all expire on the same day.  “Quadruple witching” will happen again in September and December this year.

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Filed Under: Asset Management Tagged With: Dow Jones, market conditions

About Thomas Mullooly

Thomas Mullooly is owner and founder of Mullooly Asset Management, Inc. In 2002 Tom opened Mullooly Asset Management, a fee-only investment advisory firm. As an investment advisor, and not a broker, Tom works strictly for his clients. With the help of point and figure charting, Tom builds a realistic game plan for clients.

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