FTSE June to July Ratio Rollover Table
We have said all along in the FTSE June expiry that it will be governed by several massive positions, and that hasn’t changed.
Therefore, we are under no illusion whatsoever that there probably won’t even be a pretence at acknowledging the zone here, either for the rollover or the actual expiry.
If we could get a handle on what it might mean we would, but our best guess is a return to the first two days of this expiry, but that is all it is.
Range: 7450 to 7850
Activity: Very poor
The most obvious difference in July is that the zone here is around the current market level.
We say current but, on the Friday, 25th May, it was 7730.28, then the Bank Holiday, but the following Monday, 4th June, it was 7741.29, so it has hardly strayed very far.
The real issue for July is the jump from R2 straight to B1 and whether this is something for this expiry or part of everything going on in June, the answer to which we won’t know until next week probably, and again it will very likely determine this expiry as well.
Range: 7650 to 7750