That Time of the Month Again (OptionsX) with Nick Santiago (Ep #340)

from Daily Market Wisdom with Nick Santiago

For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring you up to date on the latest market developments. Nick will be sharing trades and concepts and discussing current trends.

Today:

1. Its That Time Of The Month- Options expiration for November is this Friday. This tells me that this will likely be a week of institutional game playing with many of the popular stocks. Traders should watch for lots of rumors (mostly false), ridiculous upgrades and down-grades, and even some wild geopolitical events. Stocks that are in the stratosphere will often pullback and stocks in the gutter will often see bounces.

2. Tesla (TSLA) is a market leader that is trading lower today due to news that Elon Musk is selling stock. This weekend I think he asked his followers on Twitter if he should sell more. Today, the stock is trading down by 4%. This is not surprising to me since options ex is this Friday.

3. Gold and silver are pulling back today to start the week. Bitcoin is up a little.

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