Posted in Daily Report
By: Tom Gentile on November 23rd, 2021 • 1 min read
You all know or will soon learn if you are new to following along with what I teach in any number of my publications that I am a pattern trader and rules-based trader.
I look for repeatable patterns that exist in the markets, whether they be technical or seasonal price patterns.
What I mean by seasonal is that the patterns of price action repeat itself over certain days and or periods of days.
One such pattern I recognize happening enough for me to pay attention to it is 2 trading days prior to a national holiday.
Thanksgiving may see a bump in pricing for the equities markets
Thanksgiving is a national holiday and if the markets are going to indeed rise in price, even a little, I want to see where there might be some unusually high call option volume as a place to start researching options trading ideas.
Here is the Unusually High Call Option Volume list: