Set ups and Open Interest for Week 11/20/17

I went into the week saying I thought we would likely get a few very rangebound slow days and then maybe a couple good ones. Turned out we only got one real good day and luckily we were in from the beginning with the gap up. Overall though things are still really choppy within a...

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November OPEX

Last week here I discussed the likelihood of new highs, but that price was unlikely to close above SPY 260 for both open interest reasons as well as psychological round number reasons. A new high was made, but as price approached the 260 level SPY pulled back. For the first time in several weeks SPY […]

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Premium Level Open Interest Strategy for Week 11/13/17

Please note that open interest often changes during the week when a stock has a big move. This provides a great starting point, but it would be up to you to continue to track it throughout the week if you are trading one of these names. If it’s an earnings name, the chart will be updated the...

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Set ups and Open Interest for Week 11/13/17

Very choppy week and SPX didn’t close at all time highs for first time in a several weeks. I mentioned last week that round numbers (i.e. 2600) are very hard to get through the first time so it should be no surprise that we weren’t able to keep going once we made a new high....

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What Says the Open Interest

Last week here I said that SPY was likely to make a new high and showed the resistance and support areas for SPY’s Wednesday and Friday’s expiration. Both expirations pinned fairly well, which is no surprise given the slow nature of the move. SPY is likely to make another new high again in the next […]

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Premium Level Open Interest Strategy for Week 11/06/17

Please note that open interest often changes during the week when a stock has a big move. This provides a great starting point, but it would be up to you to continue to track it throughout the week if you are trading one of these names. If it’s an earnings name, the chart will be updated the...

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Set ups and Open Interest for Week 11/06/17

What a great week with some monster winners in there. We still are in the midst of earnings season, though the bulk of the momentum stocks have already reported. SPX once again is at all time highs and likely to make a higher high again in the next couple of weeks. Breadth: SPX stocks at...

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Clues From Expiration for the 1st week of November

I was out of town last weekend hence no post. Luckily I returned in time to trade the Friday fun. SPX closed at a new high and is likely to see another new high at some point next week. Open Interest: SPY-W: (45 of 59 pins).* Currently the best pin is around 256, but it’s […]

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Premium Level Open Interest Strategy for Week 10/30/17

Please note that open interest often changes during the week when a stock has a big move. This provides a great starting point, but it would be up to you to continue to track it throughout the week if you are trading one of these names. If it’s an earnings name, the chart will be updated the...

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Set ups and Open Interest for Week 10/30/17

The start to the week was very uninspiring and difficult to trade, but the end turned out to be great. It was a good reminder of why it’s important to be patient when trading. Better to take swings when the market environment is friendly to traders. Of course that’s easier said than done, but I...

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Premium Level Open Interest Strategy for Week 10/23/17

Please note that open interest often changes during the week when a stock has a big move. This provides a great starting point, but it would be up to you to continue to track it throughout the week if you are trading one of these names. If it’s an earnings name, the chart will be updated the...

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Set ups and Open Interest for Week 10/23/17

Last week was not a friendly environment for short term traders. There were a couple rug pulls mixed in with a ton of sideways action that kills short term option buyers. As traders there is nothing we can do about that except know that the market isn’t trending and be less active and careful to...

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October OPEX

Last week here I showed the open interest for both Wednesday and Friday expiration and wrote that after two closes over the high calls it was likely that SPX would take some time to consolidate and was unlikely to close over the high calls again. SPX consolidated in a very strong tight range and indeed […]

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Set ups and Open Interest for Week 10/16/17

As crazy as it may seem the uptrend continues unfazed for now. Last week I said we would likely see a lot of sideways action. I didn’t mean for that to be literal, but with SPX it pretty much was. I do think we will begin to move outside of that tight range next week...

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Premium Level Open Interest Strategy for Week 10/16/17

Please note that open interest often changes during the week when a stock has a big move. This provides a great starting point, but it would be up to you to continue to track it throughout the week if you are trading one of these names. If it’s an earnings name, the chart will be updated the...

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Will the Open Interest Affect this Bull Trend Next Week?

Last week here I wrote about the high calls for both the Wednesday and Friday SPY expirations. I wrote that if price were to open or get above them NOT to fight it and that it could even push price up faster due to delta hedging. If you are going to use the open interest […]

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Premium Level Open Interest Strategy for Week 10/09/17

Please note that open interest often changes during the week when a stock has a big move. This provides a great starting point, but it would be up to you to continue to track it throughout the week if you are trading one of these names. If it’s an earnings name, the chart will be updated the...

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Set ups and Open Interest for Week 10/09/17

We are currently in such a strong market that SPY was able to push over high strike calls and continue higher Wednesday and Friday. There is no doubt SPX could use some consolidation, but it doesn’t mean that it will and it also doesn’t mean stocks by themselves can’t continue to be strong and rally....

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Open Interest for Week One, Q4

Last week here I showed the high open interest calls on SPY that could act as resistance. For Wednesday the calls were a bit of a deterrent to price and SPY did pin. Throughout the week the SPY Friday open interest that started with lots of high calls were met with many high puts and […]

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Premium Level Open Interest Strategy for Week 10/02/17

Please note that open interest often changes during the week when a stock has a big move. This provides a great starting point, but it would be up to you to continue to track it throughout the week if you are trading one of these names. If it’s an earnings name, the chart will be updated the...

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Set ups and Open Interest for Week 10/02/17

The market made new highs last week and based on Friday’s closed is very likely to see higher highs next week. A new quarter begins Monday and we are mostly flat so we will go with the flow based on where money is moving. Breadth: For the most part the breadth doesn’t give us any...

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Open Interest for the Last Week of September

Last week here I gave the basic SPY call and put parameters. Both Wednesday and Friday SPY did what it does best….pinned. Onto next week: Open Interest: SPY-W: (43/54 since Wednesday expiration inception).* The current best pin is between 249.5 and 250, but can easily change if there is decent price movement early in the week. […]

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Premium Level Open Interest Strategy for Week 9/25/17

Please note that open interest often changes during the week when a stock has a big move. This provides a great starting point, but it would be up to you to continue to track it throughout the week if you are trading one of these names. If it’s an earnings name, the chart will be updated the...

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Set ups and Open Interest for Week 9/25/17

Doesn’t get much more choppy than last week. Lots of stocks had intra-day moves, but for the most part none of the stocks we like to trade had much follow through. If next week is similar than we need to keep things very short term. Last week traded mostly weeklies which was the right strategy...

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Insights from the Open Interest for Next Week

Last week here I showed where there would likely be call resistance on SPY prior to expiration. At the start of the week SPY blew through the high call resistance with strong breadth and never looked back. It was one of the first times in a while SPY was able to make such a leap […]

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Premium Level Open Interest Strategy for Week 9/18/17

Please note that open interest often changes during the week when a stock has a big move. This provides a great starting point, but it would be up to you to continue to track it throughout the week if you are trading one of these names. If it’s an earnings name, the chart will be updated the...

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Set ups and Open Interest for Week 9/18/17

A gap up Monday morning that never looked back. I will be the first to admit I wasn’t expecting that, but despite the open interest and any concerns I had, we did not try fighting SPX. It’s possible some of the move last week can be attributed to OPEX (quad witching in particular which can...

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September OPEX

Last week here I suggested that both the Wednesday and Friday SPY open interest supported a rangebound week. That came to fruition and there really only was one good opportunity which came Tuesday when SPY fell below two levels of high puts. Knowing where the likely pin would be Wednesday, combined with technical support levels, […]

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Premium Level Open Interest Strategy for Week 9/11/17

Please note that open interest often changes during the week when a stock has a big move. This provides a great starting point, but it would be up to you to continue to track it throughout the week if you are trading one of these names. If it’s an earnings name, the chart will be updated the...

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Set ups and Open Interest for Week 9/11/17

After the rally right before Labor Day the market was looking much stronger. The fact that it dropped last week back under 2470 raises some red flags despite that it is still just in a range. Next week is OPEX, which tends have a bullish bias, so I’m not necessarily going into next week thinking...

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What Open Interest Says about Next Week

I’m back and here is your SPY open interest for next week. If you want the real goods you should subscribe below. SPY-W: (41 of 51 pins since Wednesday expiration inception).* The current best pin is clearly 247. There is also more puts at that strike than calls making it pretty good support coupled with the […]

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Premium Level Open Interest Strategy for Week 9/04/17

Please note that open interest often changes during the week when a stock has a big move. This provides a great starting point, but it would be up to you to continue to track it throughout the week if you are trading one of these names. If it’s an earnings name, the chart will be updated the...

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Set ups and Open Interest for Week 9/04/17

For it being the last week of August a whole lot took place and seems I missed out on some of the fun. In my post last week I said I wouldn’t trust any move up until that 2429 SPX gap was filled and that if breadth wasn’t terrible when it was filled it was...

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Set ups and Open Interest for Week 8/28/17

Last week I wrote that the most likely scenario would be a very rangebound market, which ended up being exactly how it played out. Chop chop all week long. Given that next week is the last week of August and right before Labor Day weekend there will likely be a continuation of very choppy days....

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Premium Level Open Interest Strategy for Week 8/28/17

Please note that open interest often changes during the week when a stock has a big move. This provides a great starting point, but it would be up to you to continue to track it throughout the week if you are trading one of these names. If it’s an earnings name, the chart will be updated the...

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Set ups and Open Interest for Week 8/21/17

I said last weekend that I didn’t think the lows were in yet and even though I didn’t anticipate a gap up Monday, I did have enough sense (with the help from our open interest graphs) to not chase things. Instead we were patient and looked more for short set-ups which worked out well. At...

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Open Interest Clues to Next Week

Last week here along with the SPY open interest notes, I shared my thoughts that I did not believe the lows were in yet. The open interest turned out to be very helpful (as it usually is) because when SPY traded above the high calls for Wednesday’s expiration (which happened to also be technical resistance) […]

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Premium Level Open Interest Strategy for Week 8/21/17

Please note that open interest often changes during the week when a stock has a big move. This provides a great starting point, but it would be up to you to continue to track it throughout the week if you are trading one of these names. If it’s an earnings name, the chart will be updated the...

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Premium Level Open Interest Strategy for Week 8/14/17 – Sample

Please note that open interest often changes during the week when a stock has a big move. This provides a great starting point, but it would be up to you to continue to track it throughout the week if you are trading one of these names. If it’s an earnings name, the chart will be updated the […]

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August OPEX

Last week here I showed both the SPY Wednesday and Friday expiration. I pointed out the very good put support for Wednesday and the call resistance (248). I also pointed out that there was pretty much no put support for Friday. If you weren’t suspicious of the Tuesday morning up move  (which blew through the […]

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Set ups and Open Interest for Week 8/14/17

Last weekend I discussed being very careful getting long even if there was a large rally where everything looked good. Looking back that advice was probably the best thing I did all week. It’s bad enough when you lose money being positioned wrong, but what I have found over the years is when positioned wrong...

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Premium Level Open Interest Strategy for Week 8/14/17

Please note that open interest often changes during the week when a stock has a big move. This provides a great starting point, but it would be up to you to continue to track it throughout the week if you are trading one of these names. If it’s an earnings name, the chart will be updated the...

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Your Open Interest Road Map to Next Week

Last week here I displayed the SPY open interest for Wednesday and Friday. The Wednesday expiration pinned where I described the best pin to be. The Friday expiration changed mid-week, which I posted to twitter since the change was fairly significant and changed the odds of where Friday would close. Indeed Friday also resulted in a […]

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Set ups and Open Interest for Week 8/07/17

Once again SPX closed pretty much at the exact spot it closed the Friday before. Lots of chop the last couple weeks without many good plays. Breakouts aren’t holding well, good earnings are being sold, bad earnings are being hammered and we are left with very few good looking plays. At some point one side...

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Premium Level Open Interest Strategy for Week 8/07/17

Please note that open interest often changes during the week when a stock has a big move. This provides a great starting point, but it would be up to you to continue to track it throughout the week if you are trading one of these names. If it’s an earnings name, the chart will be updated the...

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Your Open Interest Map to the Start of August

Last week here I gave you the SPY parameters for both Wednesday and Friday (and updated them over twitter). What you did with them I have no idea, but they worked well (see below for last weeks pin information). For newbies to open interest, knowing where SPY won’t go is often just as valuable as […]

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Set ups and Open Interest for Week 7/31/17

Even with a ton of companies reporting, the FOMC, and the late week flush, SPX closed at the exact same level it did last Friday. Whether Thursday was a one day event or we will we see more selling is yet to be determined. I do not think SPX has topped, but I also don’t...

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Premium Level Open Interest Strategy for Week 7/31/17

Please note that open interest often changes during the week when a stock has a big move. This provides a great starting point, but it would be up to you to continue to track it throughout the week if you are trading one of these names. If it’s an earnings name, the chart will be updated the...

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Set ups and Open Interest for Week 7/24/17

Last week SPX closed higher, something we knew was very likely. We also knew going into the week that SPY would likely struggle keeping over 247 and indeed it did. Interestingly SPY closed right under 247 and higher than what would have been the best pin. This is a sign of strength as well as...

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Your Open Interest Road Map to Next Week

Last week here I gave the SPY open interest range and also wrote that based on last Friday’s close higher prices were likely coming. I clearly laid out where there was put support and where there was call resistance – both got hit and rejected price. Knowing where SPY can go and will likely fail is […]

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Premium Level Open Interest Strategy for Week 7/24/17

Please note that open interest often changes during the week when a stock has a big move. This provides a great starting point, but it would be up to you to continue to track it throughout the week if you are trading one of these names. If it’s an earnings name, the chart will be updated the...

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Set ups and Open Interest for Week 7/17/17

Last week was great, which we knew was a possibility based on the SPY open interest and now I can finally once again say SPX closed at all time highs. Furthermore, although the IWM hasn’t seemed to move much, it also closed at an all time high. Bottom line is that new highs are bullish...

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Premium Level Open Interest Strategy for Week 7/17/17

Please note that open interest often changes during the week when a stock has a big move. This provides a great starting point, but it would be up to you to continue to track it throughout the week if you are trading one of these names. If it’s an earnings name, the chart will be updated the...

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OPEX Time

Last week here I stated the open interest favored higher prices and was “notably bullish.” I showed that there were no calls in the way of making new highs, something that doesn’t happen very often. And now here we are at all time highs. Open Interest: SPY-W: SPY-W: (36 of 44 pins since Wednesday expiration inception).* The current […]

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Set ups and Open Interest for Week 7/10/17

This is second week in a row that bears had some action, but in the end we ended up back in the same range. Although the market has been showing cracks, the bulls continue to fight back making it very difficult to short (which is why I’ve been mostly patient when things sell off and don’t jump...

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Next Weeks Open Interest Favors Higher Prices

It’s been a couple of weeks since I’ve posted, but in the meantime I have tweeted the weekly open interest for SPY charts and continue to keep track of them which you can view at the bottom. Open Interest: SPY-W: (35 of 43 pins since Wednesday expiration inception). Taken at face value this open interest is bullish […]

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Premium Level Open Interest Strategy for Week 7/10/17

Please note that open interest often changes during the week when a stock has a big move. This provides a great starting point, but it would be up to you to continue to track it throughout the week if you are trading one of these names. If it’s an earnings name, the chart will be updated the...

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Set ups and Open Interest for Week 7/3/17

Last week was pretty rocky and in the end the market is back in the range it’s been stuck in for a while. The important thing is on a closing basis that SPX 2420’ish level held. We now have a new intraday reference of 2405 to go by as well. Next week is a shortened...

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Premium Level Open Interest Strategy for Week 7/03/17

Please note that open interest often changes during the week when a stock has a big move. This provides a great starting point, but it would be up to you to continue to track it throughout the week if you are trading one of these names. If it’s an earnings name, the chart will be updated the […]

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Set ups and Open Interest for Week 6/26/17

Once again SPX basically did nothing all week, but we were able to find some really great movers. For now rotation continues to keep this market alive and until that changes there is no reason to fight the trend. Breadth: SPX stocks at 20-day highs: There is currently nothing telling here. Not oversold or overbought. ...

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Bullish Open Interest Wednesday, But Less so For Qtr/Month End

I’ve been on vacation for a bit, but I just got back so here is a very quick post for next week. Open Interest: SPY-W: (33 of 41 pins since Wednesday expiration inception).* This open interest is more bullish and currently suggests a pin of 234 to 244. With that said, there is very little call resistance […]

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Premium Level Open Interest Strategy for Week 6/26/17

Please note that open interest often changes during the week when a stock has a big move. This provides a great starting point, but it would be up to you to continue to track it throughout the week if you are trading one of these names. If it’s an earnings name, the chart will be updated the […]

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Set ups and Open Interest for Week 6/19/17

SPX held that zone around 2418-2421 last week and until that gets taken out, the short term trend remains rangebound to up. Of course that level can be taken out in a gap down, but that’s never an easy thing to anticipate with perfect timing. Last week I think was a fairly challenging trading week with...

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Set ups and Open Interest for Week 6/12/17

The SPX closed down a bit on the week, but the real drama was of course Friday with the Nasdaq taking a beating. Overall we had a great week and Friday was a good reminder of why we always take some profits off the table when we have them. I’m mentioning that because I think it’s...

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Premium Level Open Interest Strategy for Week 6/12/17

Please note that open interest often changes during the week when a stock has a big move. This provides a great starting point, but it would be up to you to continue to track it throughout the week if you are trading one of these names. If it’s an earnings name, the chart will be updated the...

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Will That 240 Strike Come into Play This Week?

Last week here in the summary of my post I wrote: “In Sum, the grind higher is likely to continue in SPY; however, a pullback into support is possible and also a buying opportunity if it happens toward the beginning of the week…..“. This was available for anyone to read and was a HUGE trade […]

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Premium Level Open Interest Strategy for Week 6/05/17

Please note that open interest often changes during the week when a stock has a big move. This provides a great starting point, but it would be up to you to continue to track it throughout the week if you are trading one of these names. If it’s an earnings name, the chart will be updated the […]

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Set ups and Open Interest for Week 6/05/17

What a great week! That dip that filled the gap was spot on. SPX made an all time closing high and likely still has higher to. Let’s get into what things look like for next week. Breadth: SPX stocks at 20-day highs: Lots more participation and inching closer to the level where the market typically has topped out. With that...

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What Open Interest Says About Next Week

Two weeks ago here, I wrote that if the SPX gaps filled it was a good buying opportunity. Then last week here, I wrote that the market would likely grind higher once again and possibly break new highs after the Wednesday SPY expiration. Yes, yes and yes! Open Interest: SPY-W: (29 of 37 pins since Wednesday […]

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Set ups and Open Interest for Week 5/30/17

Last week I said that SPX would likely be slow and rangebound till at least after Wednesday’s expiration, but that the grind higher was more likely than a drop lower. SPX finally made a new high by more than one tick and is currently holding that new high well. That doesn’t necessarily mean things are off to the...

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Premium Level Open Interest Strategy for Week 5/30/17

Please note that open interest often changes during the week when a stock has a big move. This provides a great starting point, but it would be up to you to continue to track it throughout the week if you are trading one of these names. If it’s an earnings name, the chart will be updated the...

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Back to a Slow Grind

Last week here I discussed that it would be difficult for SPY to stay over 240 based on the open interest for both Wednesday and Friday expiration. I also said that if SPY took out the lows from the previous week that it may be headed for both it’s gap fills and added that it was […]

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Set ups and Open Interest for Week 5/22/17

Last week was by no means easy to navigate, but we timed it pretty much as well as anyone could. I’m pretty sure not many people were selling longs on Tuesday and putting on a hedge (that ended up being a real nice winner). Anyway, the good news is that we might begin to see some...

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Premium Level Open Interest Strategy for Week 5/22/17

Please note that open interest often changes during the week when a stock has a big move. This provides a great starting point, but it would be up to you to continue to track it throughout the week if you are trading one of these names. If it’s an earnings name, the chart will be updated the […]

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Will Friday’s Open Interest Block the Bulls Again?

Last week here I said SPX was likely to make a new high – Check ✅ (albeit by a very small amount). I also showed that both the Wednesday and Friday open interests had calls stacked at 240. Going into the week I believed that the right set-up existed for bulls to really push SPY over […]

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Premium Level Open Interest Strategy for Week 5/15/17

Please note that open interest often changes during the week when a stock has a big move. This provides a great starting point, but it would be up to you to continue to track it throughout the week if you are trading one of these names. If it’s an earnings name, the chart will be updated the...

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Set ups and Open Interest for Week 5/15/17

Despite that SPX barely moved last week, we definitely had some pretty good opportunities to take advantage of. Next week is monthly OPEX so most of the open interest won’t shift much. There really isn’t much to say about SPX right now as it remains rangebound. Although two Friday’s ago it seemed to have closed over...

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Strength Begets Strength

Last week here I said the path of least resistance remained higher and that SPX was likely to make a new high in the coming weeks. I also discussed the heavy call resistance for both Wednesday and Friday’s expiration. In the end, the call resistance did hold SPY back for most of the week, but the […]

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Set ups and Open Interest for Week 5/8/17

Despite that SPX didn’t really go anywhere last week, we had some decent opportunities in individual stocks. In the short term there is nothing new to say. The bulls still have the upper hand, and SPX is likely to make new highs next week. With that said, there is risk of a large gap down due...

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Set ups and Open Interest for Week 5/1/17

Last week was great for bulls (if of course they participated in the gap ups, which luckily we did). Other than the gaps it really was a very slow week. There isn’t a whole lot to interpret right now regarding the overall market. It is in a bullish trend and has been consolidating last weeks...

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Price Action Says to Stay in May

Last week there was no post, but in previous posts, both at the end of March and the beginning of April (see here) I continued to suggest that SPX would likely get to old highs or make new ones before a more meaningful correction took place. That has now been achieved as SPX went within 2 […]

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Premium Level Open Interest Strategy for Week 5/1/17

Please note that open interest often changes during the week when a stock has a big move. This provides a great starting point, but it would be up to you to continue to track it throughout the week if you are trading one of these names. If it’s an earnings name, the chart will be updated the […]

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Set ups and Open Interest for Week 4/24/17

The best thing we did last week was not over trade. Looking back at last week, the opportunities with options were slim after the initial bounce early in the week. The IWM calls we bought were at a very good location, but unfortunately Friday turned into a pin day and there wasn’t any follow through yet....

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Premium Level Open Interest Strategy for Week 4/24/17

Please note that open interest often changes during the week when a stock has a big move. This provides a good starting point, but it would be up to you to continue to track it throughout the week if you are trading one of these names. The technical levels should remain fairly consistent. If you […]

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April OPEX

Last week here I laid out reasons why both the bulls and bears should curb their enthusiasm. The open interest suggested that price action would likely be rangebound, with a slight edge to the bulls. As the week progressed and the market moved lower, the open interested shifted a bit not giving much of an […]

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Premium Level Open Interest Strategy for Week 4/17/17

Please note that open interest often changes during the week when a stock has a big move. This provides a good starting point, but it would be up to you to continue to track it throughout the week if you are trading one of these names. The technical levels should remain fairly consistent. If you...

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Set ups and Open Interest for Week 4/17/17

Last week I discussed why the market would likely continue to stay in a range. Based on the open interest I did think that there was a bit more upside than downside, but as the open interest shifted during the week the range just became tighter and without bias. In the end bears took the baton....

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A Tight Range with a Slightly Bullish Bias (Says the OI)

Last week here I discussed that the overall trend was still higher, but that bulls needed to “curb their enthusiasm” as there were a lot of open calls that would act as resistance for both the Wednesday and Friday SPY expiration. I then updated that during the week over twitter with the message that bears should […]

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Set ups and Open Interest for Week 4/10/17

We started the week with some great sells and then remained cautious getting too long because of what I described last week regarding the open interest. That served us very well on Wednesday when the market and many momentum stocks looked as if they were ready to go higher. I remember when tweeting that I...

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Premium Level Open Interest Strategy for Week 4/10/17

Please note that open interest often changes during the week when a stock has a big move. This provides a good starting point, but it would be up to you to continue to track it throughout the week if you are trading one of these names. The technical levels should remain fairly consistent. If you […]

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Bulls Should Curb their Enthusiasm Next Week

Last week here I summed things up with: “Currently, the market is near or already oversold and likely to bounce soon if that has not already begun late Friday. Should price immediately go lower it will become even more oversold and not a place to initiate shorts.” Furthermore, I discussed that the open interest suggested that the […]

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Set ups and Open Interest for Week 4/3/17

In last weekends post I wrote about the market being oversold and discussed all the SPY open interest put support. That gave us an edge coming into the last weeks Monday morning gap down and we were able to have a solid week. The new quarter starts Monday and there is likely money that will flow into...

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Premium Level Open Interest Strategy for Week 4/03/17

Please note that open interest often changes during the week when a stock has a big move. This provides a good starting point, but it would be up to you to continue to track it throughout the week if you are trading one of these names. The technical levels should remain fairly consistent. If you...

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A Trend Change? What the Open Interest Says for Next Week

Last week here I stated that the edge continued to remain with the bulls, but that I expected a slow and rangebound week. Obviously, I was wrong in that I didn’t see the range breaking to the downside; however, minus the drop on Tuesday, the rest of the week was definitely slow and rangebound. I also […]

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Set ups and Open Interest for Week 3/27/17

Last weekend my main idea was that the market would be slow and rangebound and patience would be our main motive. Admittedly, I did not see the drop on Tuesday coming; however, it was indeed slow and rangebound except for those few hours. The market is currently still in limbo and it is unclear yet how...

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Premium Level Open Interest Strategy for Week 3/27/17

Please note that open interest often changes during the week and this provides a starting point, but it would be up to you to continue to track it throughout the week. The technical levels should remain fairly consistent. If you did want updates and real time trade alerts then consider becoming a full premium member. Open...

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What Next Weeks Open Interest Suggests for the Market

Last week here I wrote that the path of least resistance remained higher despite the possibility of remaining in a range. Importantly, I showed the Wednesday open interest and suggested that pullbacks to or under 237 would likely be bought. Thus, the pullback early in the week provided an excellent opportunity to get long into Wednesday. Below you […]

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Protected: Premium Level Open Interest Strategy for Week 3/20/17

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Set ups and Open Interest for Week 3/20/17

For the most part last week was more consolidation for SPX. It made a marginal higher low and then closed about five points higher than last week. It was a good week for trading and now that OPEX is over there will be less pinning to worry about. With that said, keep in mind that in...

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Set ups and Open Interest for Week 3/13/17

I came into last week fully expecting things to be slow and rangebound till the Friday jobs number. I didn’t expect SPX to stay mostly at the bottom of the range, but it did stay in the range I projected. I was hoping for more out of Friday, but at this point I think the...

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