Options Expiration

Posted by downtowntrader | 5/18/2006 06:44:00 PM | 0 comments »

I will be taking tomorrow off as it is options expiration day. A couple of things though to keep in mind. AMD and DELL finally combined forces and AMD was trading sharply higher in the AH session. Also, DELL was trading higher on earnings and the AMD news. MRVL also reported earnings that were well recieved. It should be interesting to see how options expiration affects these stocks in particular. Looks like Semi's may finally get a bounce. Only one chart tonight.

FLSH looks like it is getting ready to break a pennant formation and test upper resistance. Also, some semis such as SMDI and TRID looked decent.

Good Luck,