Market On Open - Thursday 18 January

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Opex.

Tomorrow is monthly options expiry. This means that even more than usual in securities markets - particularly US equity indices and the larger US single-name stocks - nothing is real. Stock price movements in the short term from now till maybe lunchtime Monday will be impacted heavily by dealer hedging flows. If you’d like to understand more about how option market maker hedging flows drive equity prices, go see Jay Urbain, Ph.D, who runs Jay’s Options on our Cestrian Stock Symposium platform. You can read all about Jay’s Options, here.

For paying Inner Circle members we now run through our usual charts covering the main US equity indices, associated leveraged ETFs, plus the SOXL TECL and FNGU ETFs as always. Yet to join up as a paying member here at Inner Circle? You can do so right from the links below.

Note - to open full-page versions of these charts, just click on the chart headings, which are hyperlinks.