Options Positioning Is a Bullish Tell

Although each Friday now offers an expiration, thanks to the advent of weekly options, the typical option calendar (third Friday of each month) still tends to accumulate the lion's share of trading interest.

This morning, the equity derivatives group at Bank of America Merrill Lynch issued a research report indicating that there was a $47 billion imbalance on a delta-weighted basis toward call options for this Friday's S&P 500 option expiration. According to the report, this represents 747,000 e-mini futures contracts, or nearly 27% of the three-month median daily futures volume. In layman's terms, this should prove very supportive of stock prices this week....659 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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