Carlsquare weekly market letter: Fed speech windfall in option expirations week
17 May 2023
Read the weekly market letter here:
Carlsquare Weekly market letter
- No less than 14 Fed speakers lined up this week, all with the gun to move the market, including Jerome Powell on Friday
- The market is still locked in a tight range, building energy. The options expiration this week may give the market a reason to continue in a tight range. Next week may show the true nature of the trend
- Below is the Max Pain for this Friday’s S&P 500. The Max Pain, or Max Pain price, is the strike price of the most open options contracts (i.e., puts and calls).
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