Rachel Shasha
SassyPremium 1/13/20
SPY-M: The best pin for Monday is between 325 and 327. Over 328 and there isn’t much call resistance till 330. There isn’t much put resistance under 325. SPY-W: The thing that sticks out for Wednesday’s expiration is very high call resistance from 327 to 329 which suggests we don’t close over that level come...
SassyPremium 12/09/19
SPY-M: The best pin for Monday is very clearly between 314 and 315. Unless we get some type of trending day or a big gap we should except a fairly muted day since price closed Friday at 314.82. SPY-W: At the moment there is very wide range with high puts at 310 and high calls...
SassyPremium 9/16/19
SPY-M: Monday’s best pin is between 301 and 302, but the calls from 302 to 304 aren’t so high that continued strength (or a gap up) couldn’t get through. On the other hand, there is very good put support at 300. SPY-W: Wednesday is FOMC day and as of now in would seem price should...
SassyPremium 9/2/19
SPY-M: Monday’s expiration actually has a great pin around 292 with a range from 290 to 293. Assuming we don’t get any kind of trending day this can be useful because if we fill the gap around 289, we can go long for a pin above 290 and if we open above 293 we can...
SassyPremium 8/26/19
SPY-M: Monday’s expiration really doesn’t have anything in the way of call resistance, but has lots of puts. 285 and 283 are first areas of put support and then 280 to 281. If we open below 285 or 283 those puts may pull price up, but they aren’t super high so it likely wouldn’t hold...
SassyPremium 8/19/19
SPY-M: There is no perfect pin for Monday, but there also isn’t really high calls to contend with. There are some puts at 288 and 285, but they are so small I don’t consider them to be impactful. The only thing that could have impact is the 280 puts which should hold up with any...
SassyPremium 8/12/19
SPY-M: The best pin for Monday is between 292 and 293 with a range between high puts and calls of 290 to 296. Given where we closed Friday and the volume being decently high on the 290 and 296 level, price will likely close within those boundaries. Getting and holding over 296 would mean shorts...
SassyPremium 8/5/19
SPY-M: The best pin for Monday is 296 with heavy resistance at 300. Price closed under both the high 296 and 293 puts. The longer price stays below them the more chances they have to close out and thus may not affect price much. However, if there is a gap higher or a quick move...
SassyPremium 7/29/19
SPY-M: The best pin for Monday is 302, but with a range from 301 to 303. There are puts from 299 to 301 which should help support price if it were to go down or open lower. However, if price stayed under 301 too long it probably helps exacerbate selling. There is some call resistance...
SassyPremium 7/22/19
SPY-M: The best pin for Monday is 298, but it’s not a great pin and price has lots of room in both directions. The thing that stands out is the 294/295 puts which tells us price is unlikely to close below there at the end of the day Monday. SPY-W: Wednesday doesn’t have a best...
SassyPremium 7/15/19
SPY-M: Nothing to really see for Monday’s expiration except that price is unlikely to close over 302. SPY-W: Wednesday’s expiration has a bit of a mixed chart. There isn’t a best pin, but a decent one would currently be around 300. However, none of the puts or calls are that high that this can’t easily...
SassyPremium 7/8/19
SPY-M: The best pin for monday is between 296 and 297, but the calls and put strikes are so small there that I wouldn’t call it a prominent pin. The biggest take away for Monday is the 300 strike. We should first assume price will close below there come Monday expiration; however, we know if...
SassyPremium 7/1/19
SPY-M: Monday doesn’t really have a best pin (if I had to call one it would be between 292 and 293), but it does have call resistance starting from 295 all the way up to 298. Price closed Friday at 293 so it has room higher before hitting resistance. Also, the call resistance from 295...
SassyPremium 6/24/19
SPY-M: Monday’s best pin is around 294.5. There is high call resistance at 295 which makes it less likely for price to close over that level. If we gap over 295 and breadth is strong with no signs of give back then there is no reason to fight it; but, based on this open interest...
SassyPremium 6/17/19
SPY-M: Monday’s expiration has the best pin at 289/290. There are some decent puts from 288 to 289, but the strong put support comes in at 287. To the upside, although there are some calls from 290 to 292, there really isn’t call resistance till 293. SPY-W: Wednesday’s expiration is a bit erratic in terms...
SassyPremium 6/10/19
SPY-M: Monday’s expiration has the best pin at 285, but the puts aren’t that high; it’s mostly calls. Thus, the assumption would be that price closes at or below 285 at the close Monday. SPY closed at 287.65 Friday so if it opens there or above 285 and breadth stays positive then those calls may...
SassyPremium 6/03/19
SPY-M: There isn’t good pin for Monday, but there is put support, namely at 275 and 270. Price closed a bit above 275, so for now we should assume that price will close above there on Monday afternoon. If we gap under 275 and can’t reclaim it then there is a bit of put support...
SassyPremium 5/27/19
SPY-M: Tuesday’s best pin is between 282 and 284, but it’s not a strong pin so a trending day can easily change that. What sticks out most is the high put support from 277 to 279. Price should close above there by expiration. However, there are always exceptions so if price opens below or within...
SassyPremium 5/20/19
SPY-M: Monday’s best pin is between 286 and 288; however, there is definitely room for movement because the puts from 284 to 286 are not that high and neither are the calls at 288. SPY closed very close to 286 so if price opens there or within 286 to 288 and breath remains flattish then...
SassyPremium 5/13/19
SPY-M: Monday’s best pin is 288 with a range from 287 to 290. This would imply that Monday will likely be a neutral sideways day given price closed at 288.10 on Friday. If breadth confirms that it’s going to be a mostly sideways day there may be a very short-term opportunity to go long or...
SassyPremium 5/06/19
SPY-M: Monday’s best pin is currently 294, which happens to be right where it closed on Friday. With that said, there is definitely a range with some put support at 293 and then again at 290 in case we open under 293. There is call resistance at 295, but then over that there isn’t anything...
SassyPremium 4/29/19
SPY-M: Monday’s best pin is 293 with a range from 293 to 295. Unless we get a trending day confirmed by breadth then we should expect price to close within 293 and 295 Monday. SPY-W: Wednesday doesn’t really have a best pin, but somewhat of a range from 290 to 295/296 and it’s not even...
SassyPremium 4/22/19
SPY-M: Monday’s best pin is very clear between 290 and 291. Of course there is no guarantee price will pin there, but if Monday is a slow day with flat breadth then it’s very likely. Alternatively if price gets below 290 with negative breadth that is falling then it’s signing sellers are starting to gain...
SassyPremium 4/15/19
SPY-M: Monday doesn’t really have a great pin. The open interest is kind of unruly. There is some decent put support at 288 and also at 285. In between all that is some high calls just making it messy. There is call resistance from 290 to 292. We will have to see how the market...
SassyPremium 4/9/19
SPY-M: Monday’s best pin is between 288 and 288.5. SPY closed Friday right above there. As long as price holds over 288.5 then it likely goes higher and cuts through those calls. However, if we gap up and things start to stall then it is possible we fall back to close at or near that...
SassyPremium 4/1/19
SPY-M: Monday’s expiration’s best pin is between 281 and 284. SPY closed at 282.84 so it’s currently right within that range. Anything under 281 that holds would be bearish and anything over 284 that holds is bullish. There is a possibility we get a lot of buyers because of the start of the second quarter,...
SassyPremium 3/25/19
Friday’s down move seemingly came out of nowhere. I’m pretty sure it took most, if not all people (except perma-bears that expect for a crash every day) by surprise. Prior to Friday there was a feel of a chase getting ready to begin and for now I think Friday’s move has paused that and not...
SassyPremium 3/11/19
This is the first time since the beginning of the year that 20-day highs is getting to an oversold place. SPY-M: Monday’s expiration has high calls at 275. We closed below there on Friday so the best scenario would be to gap over those puts and go. If we open under 275 and test that...
SassyPremium 3/4/19
SPY-M: The best pin for Monday is 280. If price gets over 281 and holds it gives us a clue that market is strong and then can probably even push to the 282 calls or higher. Same goes for if price gets under the 279 puts. It would be demonstrating weakness and market might push...
SassyPremium 2/25/19
SPY-M: Monday’s expiration shows very good put support at 274 and then not much else of importance. Best pin based on where price closed Friday would be 278, but as you can see there is plenty of room in both directions. SPY-W: Wednesday’s expiration currently shows the best pin between 274 and 279; however, there...
SassyPremium 2/19/19
SPY-M: Although there are high calls at 275 because of the high puts at 276 I would first think that price should close over 276 on Monday. However, if price does get and hold under 276 then it could easily also head under 275. To the upside if price is able to hold over the...
SassyPremium 2/11/19
SPY-M: 271 has a lot of high calls so the assumption would be that price does not close over that price come Monday expiration. If, however, price opens above there or gets above there after the open and breadth remains strong then those calls will likely just add to the strength instead of hinder it. ...
SassyPremium 2/4/19
Breadth: Things can still go higher or base sideways, but it is important to note we are hanging in overbought territory. SPY-M: Monday’s expiration doesn’t have a perfect pin, but it does suggest that price likely won’t close over 272 because of the high calls that start there. If price stays above 270 then 271’ish...
SassyPremium 1/28/19
SPY-M: Monday’s expiration has put support at 264/265 and then call resistance at 270. There isn’t much in between so the most likely close for Monday will be between that range. SPY-W: Wednesday’s expiration has the best pin at 264, but this can definitely change prior to expiration. If price remains above 265, I wouldn’t...
SASSYPREMIUM 1/22/19
SPY-M: Tuesday’s expiration shows high put resistance at 260 and some high calls at 261. If price takes a dive on Tuesday then price might pin between 260 and 261. However, if price stays over 265 then it likely remains over that level given there is small put support there. If price remains over 265...
SassyPremium 1/14/19
SPY-M: Monday’s expiration has put support at 257/258 and call resistance at 263/264. That is the likely range that SPY will close in on Monday. SPY-W: Wednesday’s open interest has two high calls strikes, 255 and 260. If price gets and holds above 260 then price is showing strength and should not be fought. If...
SPY Open Interest Week 1/7/19
Because of some recent changes to my premium services, for a limited time Subscribe to SassyPremium and be grandfathered into an AMAZING DEAL. This deal will never be offered again. This weekly post will not be posted free every week in the future. Open Interest: If you want more information on how to read the […]
Sassy Premium 1/7/19
Breadth: I said last week that we were still very oversold and that not getting a bounce would be ominous and something deeper was probably going on. Well we did get the bounce, but based on 20-day highs there is still a lot of room higher. With that said, one or two more big days...
SPY Open Interest – Week 1 2019
Because of some recent changes to my premium services, for a limited time Subscribe to SassyPremium and be grandfathered into an AMAZING DEAL. This deal will never be offered again. Open Interest: If you want more information on how to read the high calls and puts in the open interest see here. SPY-M: Put support […]
SassyPremium 12/31/18
One interesting thing to note is that despite the very large bounce recently, the market is still oversold on these measures below. It doesn’t necessarily mean we have to keep going back up right away, but even if we are in a bear market, oversold levels should get relieved at some point. They could get...
Set ups and Open Interest for Week 12/24/18
Breadth: Any way that you look at it we are very oversold. Three most likely scenarios can happen from that. Either we 1) drop again and immediately bounce big. 2) Bounce from the get go. Or 3) we go sideways as the overbought-ness (not real a word) works itself off. SPX stocks at 20-day highs:...
Set ups and Open Interest for Week 12/17/18
Breadth: Overall all of these measures are oversold or very close. Thus, another flush lower would definitely bring things to a place where there would likely be a bottom or a good bounce. SPX stocks at 20-day highs: Still staying in oversold territory which it can do for a while, but usually by 2 weeks...
Set ups and Open Interest for Week 12/10/18
Breadth: On all measures we are or very close to oversold. It can still get worse, but even just a little push lower and a bounce is very likely coming. SPX stocks at 20-day highs: Oversold, but this measure can stay that way for a while. SPX stocks above their 20-day MA: Oversold, but could...
Set ups and Open Interest for Week 12/03/18
Breadth: All of the typical ones I look at are in no-mans land so nothing to see. SPX short term technical levels: Resistance above 2760: 2775, 2794, 2803, 2816, 2837, 2846, 2857, 2874 Support below 2760: 2754, 2743, 2732, 2724, 2707, 2696, 2684, 2669 Open Interest: There is a good chance much of next week will...
Set ups and Open Interest for Week 11/26/18
Breadth: SPX stocks at 20-day highs: We are back to oversold, but this can stay oversold for up to 2 weeks before a big rebound. SPX stocks at 20-day lows: Nothing to see here. Not oversold. SPX stocks above their 20-day MA: No-mans land. SPX stocks above their 50-day MA: Closer to oversold than overbought,...
Set ups and Open Interest for Week 11/19/18
Breadth: None of these are very short term overbought or oversold at the moment so unhelpful to us. SPX stocks at 20-day highs: SPX stocks above their 20-day MA: SPX stocks above their 50-day MA: QQQ stocks above their 20-day MA: SPX short term technical levels: Resistance above 2737: 2747, 2754, 2763, 2775, 2780, 2794, 2799,...
Set ups and Open Interest for Week 11/12/18
Breadth: SPX stocks at 20-day highs: And there was that pop I kept saying was past due. Now market isn’t overbought or oversold on this measure. SPX stocks above their 20-day MA: The real interesting thing here is we went from oversold for a couple weeks to overbought in practically one day. There isn’t as...
Set ups and Open Interest for Week 11/05/18
Breadth: Overall there has been some relief in the breadth. There could definitely still be more relief and still be considered an oversold bounce. We knew things had gotten really overcooked, but now there has been relief so we can’t really base the next move on breadth. However, another large down move would get it...
Set ups and Open Interest for Week 10/29/18
Breadth: Overall the oversold conditions are extreme enough that we are either very near a low or at the least a large relief rally. SPX stocks at 20-day highs: No improvement yet and pretty extreme now being this low for almost 3 weeks. It would be extremely rare not to get a major bounce next...
Set ups and Open Interest for Week 10/22/18
Breadth: SPX stocks at 20-day highs: Hasn’t really been able to bounce much, but this measure has the ability to stay low for roughly a week and a few days before a good bounce. Thus, next week “should” get a large bounce where many more stocks recover a bit. SPX stocks above their 20-day MA:...
Set ups and Open Interest for Week 10/15/18
It’s possible the low is in, but I am definitely not ready to make that assumption and the market still has a lot to prove even if it stages a large bounce next week. Also, even if the low is in it doesn’t mean we go straight up and stay up. Add to the recent...
Set ups and Open Interest for Week 10/08/18
First real down move (and by real I mean relative to how things have been) in a while. Although short term things are fairly oversold and a bounce is soon likely if not immenennt, at the moment it doesn’t seem as if the low is in. Breadth: SPX stocks at 20-day highs: Definitely in that...
Set ups and Open Interest for Week 10/01/18
Breadth: SPX stocks at 20-day highs: Just keeps going back and forth from about 5% to 30%. So maybe back up next week with more stocks moving higher? SPX stocks above their 20-day MA: Starting to show some warnings signs of a bigger drop ahead if this keeps heading South. SPX stocks above their 50-day...
Set ups and Open Interest for Week 9/24/18
SPX made new highs, but the momentum stocks sure fell behind. The large caps in general are not putting in there work and they will need to pick up a bit in order to keep sustaining these new highs. There are definitely some warnings with lower highs in those names so they may struggle for...
Set ups and Open Interest for Week 9/17/18
Despite the market being up everyday last week it definitely wasn’t reflective among all stocks. It doesn’t necessarily mean stocks won’t now pick up the slack, but SPX going up everyday can only sustain itself through rotation for so long before the broader market drags it down. As of now it still seems the low...
Set ups and Open Interest for Week 9/10/18
Last week the market pulled back, which for now, can still be considered healthy consolidation. It had a large run up so it wasn’t much of a surprise to give some back as we discussed was a possibility last weekend. Next week we get clues to see if that was it and we go back...
Set ups and Open Interest for Week 9/04/18
Last week appeared very bullish, but I think our perception was probably skewed by the strength of AMZN and AAPL. Other than those two, not much was outperforming among the popular stocks. Overall, the market is holding up well and even a small pullback would still be healthy consolidation at this point. Breadth: SPX stocks...
Set ups and Open Interest for Week 8/27/18
Looks like the market made new highs!!! In the end, as I expected, the market did make new highs before going under 2800 ?. I’m bummed I missed it. This post is going to be a brief version of the normal post with only the open interest charts due to family being in town for...
Set ups and Open Interest for Week 8/13/18
Last week was insanely choppy; however, SPX did see its highest level since the end of January. The end of the week gave back a lot so it’s hard to make an argument for either bulls or bears on a very short term basis. There is definitely a slow trend higher, but it’s not one...
Set ups and Open Interest for Week 8/06/18
Pretty good week given how choppy it was. Our biggest accomplishment was staying patient the first part of the week and then being more aggressive on (Thursday) the one day that things moved well. It’s a lot harder to be aggressive on a trending day if you already have a ton of bad trades on....
Set ups and Open Interest for Week 7/30/18
Very choppy still with no real trend. That’s the hardest environment to trade in and our goal is to do our best to be patient until we get better opportunities. Breadth: Pretty much all of these went right to the area where they have been failing all year and thus far have once again backed...
Set ups and Open Interest for Week 7/23/18
Last week was the perfect example of why patience is an important aspect of being a successful trader. It’s definitely not easy, but looking back at last week the most successful part of the week in my opinion was not trading every time something “looked good” or because of boredom. The environment wasn’t amicable to...
Set ups and Open Interest for Week 7/16/18
Fantastic week. Next week is monthly options expiration so the open interest will have less impact as it does on weeklies. However, OPEX week can also produce big moves, not to mention earnings are now underway. Breadth: Most of the breadth measures I typically track here have improved from last week, but are not in...
SassyPremium 1/27/20
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