DAX remarkable Nov, v. interesting Dec, today’s ratio rollover table, levels and comment.

DAX Nov to Dec Rollover 13th Nov 2018

We haven’t covered the DAX that much of late, but if you compare the table above to the one on the 31^st October then it would be hard to spot that great a difference.

In fact, basically all the ratios have come in (towards the zone) by about 100-points, that is apart from the sudden appearance of B1.

Nevertheless, it has meant that this expiry so far has been all about the Y ratio, and the zone, which hasn’t budged.

So, suffice it to say that apart from Monday the previous 8 trading days were all in the zone.

Remarkable, and remarkably quiet.

The appearance of B1 shows a big trade in essence, which does distort the activity and type due to its overwhelming size and the fact we don’t calculate this daily anymore.

Range:            11250  to  11450

Activity:          Strong

Type:               Bullish

Now, the DEC expiry is looking exceedingly interesting, as even this early on it is obviously very lopsided.

As we mentioned in the FTSE yesterday that because the Dec is the biggest of the big it can start to make its presence felt very early on in the rollover, and this could certainly be the case here.

Either way there is no disguising which way derivatives wants this index to go, as things stand of course.

This expiry out of interest runs from the 19^th to the 21^st Dec and is therefore also a 5-weeker.

Range:           11150  to  11350        or        11350  to  11450

Activity:         Average

Type:              Neutral