August 24, 2017

Overbought-Oversold Readings

Here are the numbers. I will have more information available in the upcoming Options Expiration Report. Stay tuned and don’t forget to check your email.

Have a great weekend!

Andy

Overbought-Oversold levels for November 21, 2008

ETF Extremes Options Trading Strategy

* S&P 500 (SPY) – 21.3 (oversold)
* Dow Jones (DIA) – 42.4 (neutral)
* Russell 2000 (IWM) – 31.7 (neutral)
* NASDAQ 100 (QQQQ) – 32.6 (neutral)

Sector ETF Extremes Options Strategy

* Biotech (IBB) – 20.5(oversold)
* Consumer Discretionary (XLY) – 37.1 (neutral)
* Health Care (XLV) – 22.3 (oversold)
* Financial (XLF) – 19.3 (very oversold)
* Energy (XLE) – 44.8 (neutral)
* Industrial (XLI) – 31.3 (neutral)
* Materials (XLB) – 23.2 (oversold)
* Real Estate (IYR) – 16.3 (very oversold)
* Retail (RTH) – 35.1 (neutral)
* Utilities (XLU) – 56.6 (neutral)

Ultra Extremes (Insiders Page Only)

* Ultra Long (SSO) – 34.6 (neutral)
* Ultra Short (SDS) – 57.1 (neutral)

If you would like to follow my strategies with real-time alerts or have them auto-traded by a participating broker please click the following link! Try my options trading strategies.