Articles tagged with SQ
Will Options Expiration Derail This Breakout?
I'm always nervous when the stock market advances for 2-3 weeks and into options-expiration week. It leaves market makers the opportunity to manipulate prices lower to eliminate a big portion of in-the-money call premium. Block, Inc. (SQ) is a perfect example of a stock that's been on an absolute roll, jumping from 59 to 75 over the past three weeks to test a major resistance level. SQ hasn't been able to close above 75.25, even though January 2023 represents the third month in the past five that SQ has reached this level. Will the third time be a charm?...keep reading