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February 14, 2013 at 16:55 PM EST
Minyanville's T3 Daily Recap: Sit on Your Hands at These Levels Ahead of OpEx
My firm is starting to run out of ways to phrase it but this market continues to grind higher. Another gap up was bought this morning after S&P futures were down as many as seven handles pre-market and the index finished narrowly positive. In the end all major indices finished within 0.1% of the flat line as we head into the first 2013 monthly options expiration tomorrow. Typically traders like to take a step back on options expiration due to potential pinning action that is often tough to navigate. I think that being cautious would make particular sense given ...
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