DAX June already bossing the May expiry, today’s rollover table, levels and comment.


DAX May to June Ratio Rollover Table 17th May 2018





It was just over a week ago since we last looked at the DAX (9th May) and then the R ratios above the zone started at 12800 and now they start at 13050, which pretty much sums up this last week.

Also, worth pointing out is that R3 has gone completely.

This expiry has always been light of ratio, which has been represented by the continual huge bandwidth of Y ratio, so just like the previous expiry we don’t see much of an agenda here and so the expiry could be rather fluid.

Perhaps the most important difference this time round is the influence of the much much bigger June expiry.


Range:            12700  to  13050

Activity:          Average

Type:               Bearish




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Normally we would warn about the slow build up for the new expiry but as you can see June starts at R2.

This, of course, is actually the highest level of ratio in May.

So, the fact this index lows this week have been 12927, 12918 and 12960 and the highs have been 13015, 13006 and 13030 strike us as being the direct influence of this expiry, and it being kept in its zone with an ineffectual downward bias courtesy of May.

Considering how uninvolved May has been then the door has been left wide open really, so the only question that remains is how aggressive will the DAX get in the June expiry?


Range:           12950  to  13050

Activity:         Average

Type:              Neutral




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May 17th, 2018 by