VERY Dull Options Expiration Session – Precious Metals Come Down

1:47 p.m. ET Today has been like watching paint dry. Today’s October options expiration is large, roughly 2x the average monthly op-ex. It seems like the call-heavy month is being pinned under the effective SPX $6700 mentioned last night as recent local resistance, perhaps $6600. Despite the Trump administration’s conciliatory tone over U.S./China trade tensions…