November Monthly Option Expiration Week: Mixed Last 21 Years
Average performance for the week of November monthly options expirations is negative across the board with losses ranging from –0.45% by Russell 2000 to –0.17% from DJIA. Based upon frequency of gains, NASDAQ is best, up 12 and down 9, DJIA and S&P 500 have one fewer weekly gain each while Russell 2000 has the worst record, down 12, up 9. Week after performance has been better, with NASDAQ and Russell 2000 strongest.
Despite weakness during the week, Russell 2000 (the small-cap index) has been up 15 of the last 21 years on November’s monthly expiration Friday with an average gain of 0.39% in all years. Since 2012 Russell 2000 has been even more consistent, up 13 of 15. DJIA has been second best on November’s monthly option expiration Friday with an average gain of 0.38% and up 14 of the last 21 years. It is not a mistake that DJIA’s November monthly op-ex day has the same point change and percent change in 2014 and 2015. It was checked numerous times and it’s correct.