Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Op-Ex Price Magnet Update 05/26/18

Summary

Here is a summary of recent price movement in relation to the op-ex Price Magnets.

Have a great holiday weekend!

If you want to learn more about Op-ex Price Magnets, please click this link.

----------------------------------------------

For the fourth straight time, the gold futures moved into balance with the Price Magnet on or before the option expiration date.

The price of crude oil came into balance with its op-ex Price Magnet for the first time since early April.

 The value of 10-year USTs came into balance with its Op-ex Price Magnet right before option expiration this week.

The price of natural gas has recently tended to revert to its op-ex Price Magnet after the options expire.

The value of the S&P Index has been mean-reverting to its op-ex Price Magnet since the initial sell-off in February

Nearby VIX futures has shown strong mean-reversion to the op-ex Price Magnet since March.

The corn price has shown solid mean-reversion to its op-ex Price Magnet in its recent uptrend.  Options open interest is much higher for the June options than it was for the May expiring options.

The soybean price has shown solid mean-reversion to its op-ex Price Magnet since late February.

The price of wheat diverged from its op-ex Price Magnet on May 25th. However, options open interest is much higher for the June options than it was for the May expiring options.

The EURUSD futures are in a strong downtrend and we often see less convergence to the op-ex Price Magnet during strong up- or down-trends.

Disclaimer

This article was written for information purposes and is not a recommendation to buy or sell any securities. I never intend to give personal financial advice in any of my articles. All my articles are subject to the disclaimer found here.