fbpx Shortened Sessions Can Bring Volatility (SPX) | Option Strategist
Home » Blog » 2013 » 07 » Shortened Sessions Can Bring Volatility (SPX)
By Lawrence G. McMillan

Today is a half-day, holiday-shortened session, and Friday will likely be a very low-volume affair.  However, that doesn’t mean that prices can’t be volatile.  In the bear market of 2002, the bulls engineered a 300-point Dow rally out of nowhere on July 5th, only to see the bears wipe it out completely in a few days after that.  But if you have positions, these big moves can be meaningful.  I would prefer not to see the bulls try such a false attack now, but if they do, we’ll have to follow along...

This commentary was excerpted from this morning's edition of The Daily Strategist newsletter.

 Sign up for The Daily Strategist Newsletter