As is often the case when a new option cycle begins, I am in the waiting and watching mode. There is quite of bit rollover option activity in and around expiration that generates noise. Wednesday may be an action day.
Election results in India are the catalyst for a 17% up move in their stock market. IBN and EPI are two that I am looking at. As is often the case, I prefer to wait for the dust to settle, and trade off the reaction to the primary move, than jumping into the fast market.
No trading positions
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