Since 1990, July options expiration has been choppy, with the weakest performance on expiration Friday: DJIA and S&P 500 average –0.35%, NASDAQ –0.44%, and all three decline about two-thirds of the time.
Expiration week is mixed—DJIA +0.38% (58.3% positive), S&P 500 ~flat (–0.04%), NASDAQ –0.13%. The following week stabilizes modestly (DJIA +0.15%, S&P 500 +0.09%); NASDAQ averages –0.17% but rises in 52.8% of years, skewed by a few large drops. Overall, July expiration tends to create brief downside pressure that fades as focus returns to earnings and fundamentals.
Expiration week is mixed—DJIA +0.38% (58.3% positive), S&P 500 ~flat (–0.04%), NASDAQ –0.13%. The following week stabilizes modestly (DJIA +0.15%, S&P 500 +0.09%); NASDAQ averages –0.17% but rises in 52.8% of years, skewed by a few large drops. Overall, July expiration tends to create brief downside pressure that fades as focus returns to earnings and fundamentals.