Set ups and Open Interest for Week 7/09/18

Good week overall. It was short and sweet. Holiday weeks can be fun with options when there is low volume and big moves. SPX has finally moved back above 2750 and as long as it holds 2800 should be in the cards in the next couple of weeks. Breadth: All the typical measures I post...

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Set ups and Open Interest for Week 7/02/18

Talk about chop and a very challenging week to trade options. From Monday morning through the rest of the week the option premium was elevated due to the VIX. Thus, even if you had a great trade opportunity, it often wasn’t worth the premium. Next week is a holiday week so 1) it is likely...

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Set ups and Open Interest for Week 6/25/18

SPX went nowhere again last week and again we managed to be in the best trades. Remember after a great streak it’s easy to give money back. Don’t change how you normally position size and trade. Breadth: SPX stocks at 20-day highs: Towards the bottom of the range and where it usually bounces. Still hasn’t...

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SPY Open Interest Range for Mon, Wed & Quarter End Expiration

Last week here we had three expirations that didn’t give much in the way of a “best pin,” but did offer information about where there would be high put support and/or call resistance. I mentioned the high puts at 276 for Friday’s expiration and said that upon a first touch or break of that it […]

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SPY Open Interest Range for Mon, Wed & Friday Expiration

Last week here I wrote about the three SPY expirations. The Wednesday one changed quite a bit during the week (which I posted to Twitter) and yet all three did end up pinning. Pinning within range doesn’t always work, but knowing the ranges is an amazing tool at every traders disposal (especially when I post […]

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Set ups and Open Interest for Week 6/18/18

Fantastic week, mainly because we were in the two best momentum movers. Just goes to show that it only takes one or two good trades to really flourish. Now that monthly OPEX is over the high calls and puts on each stock will have greater impact again. Breadth: In general there is nothing really relevant...

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Set ups and Open Interest for Week 6/11/18

Market has been giving some follow through which definitely makes it a better trading environment. The end of the week showed some signs of rotation out of tech so it may be something to keep an eye on next week. Breadth: SPX stocks at 20-day highs: Still can’t seem to hold over 30%, but based...

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June OPEX + SPY Mon & Wed Expiration

Last week here I showed the thee open interest ranges for SPY. They shifted a bit during the week with Monday and Wednesday both pinning. Wednesday actually landed right on the high calls, which demonstrated a lot of strength and lo and behold that strength continued into Friday and closed above the high calls. If […]

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SPY Open Interest – Mon, Wed & Friday Expiration – Week 6/4/18

Last week here we had 3 different ranges to gauge where SPY would likely not close on each expiration day. Even after undercutting the Tuesday high puts, by expiration all the puts fell back out of the money. Bottom line, the ranges worked and are always very helpful to know because they offer buy or […]

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Set ups and Open Interest for Week 6/4/18

A very choppy week that ended with a bang. The tech/momentum stocks remained strong most of the week and several have broken out to new highs. We know that since February breakouts have not had follow through so if we actually get some follow through next week then we could be entering a different market...

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SPY Open Interest – Tues, Wed & Friday Expiration – Week 5/29/18

Last week here, I showed the three SPY open interest ranges for expiration and price pretty much held very nicely within them. I guess that isn’t so hard when the market trades in a very small range. Yet if you knew where there was put support and call resistance it could have prevented you from […]

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Set ups and Open Interest for Week 5/29/18

Last week the indices were essentially flat, yet there were a couple of decent movers under the surface. Many of the momo’s also stayed within a tight range or were a tease, so that we were able to catch a couple large moves within a sea of gross action is pretty good. Breadth: Very little...

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SPY Open Interest for Mon, Wed & Friday Expiration – Week 5/21/18

Last week here I showed the several SPY open interest expirations and unfortunately they weren’t as helpful as some often are; however, they were able to express the possibility of a rangebound market between of 270 to 275. Although traders likely wanted to see more out of last weeks market, the range did in fact […]

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Set ups and Open Interest for Week 5/21/18

OPEX week was a bust. Very, very few opportunities last week. Nothing we can do about that except be patient. Two weeks ago we took a lot more trades cause the opportunities were there, last week we took only a few. Hopefully now that OPEX is over we can get a week (or more) of...

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May OPEX + Monday & Wednesday SPY Expiration

If you have not yet subscribed to my weekly freebie you can do so below to get next weeks free trade IDEA (not alert – if you want an alert you need to be a subscriber) sent to your mailbox Monday morning. Last week we were off, but two weeks ago was $FB and it was […]

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Set ups and Open Interest for Week 5/14/18

We are finally getting a bit more opportunity from the market, which helps bank more profits. In the bigger picture we are still in a large range, but there are signs of more follow through for now. Breadth: SPX stocks at 20-day highs: Not overbought or oversold. SPX stocks above their 20-day MA: Not much...

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Set ups and Open Interest for Week 5/07/18

Great week. Even though we are still rangebound and still taking less trades while we are not trending, all of the trades last week were winners. Can’t really ask for more than that it this type of market. Breadth: Just like last week these are in no-mans land so just going to post them. We...

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SPY Open Interest for Monday, Wednesday & Friday

If you have not yet subscribed to my weekly freebie you can do so below to get next weeks free trade idea sent to your mailbox Monday morning. Last week we were off, but two weeks ago was $AMZN and if you took the trade it was a MASSIVE winner.  The stats for the weekly freebie […]

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Set ups and Open Interest for Week 4/30/18

A no trending market is the hardest market to trade and I continue to say less is more. Barely any trades last week because the opportunities were so slim. Unless you held something through earnings there were really no large enough moves worth options. Breadth: There are no comments for any of these breadth measures...

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Premium Level Open Interest Strategy for Week 4/30/18

Purchase access here 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...

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Set ups and Open Interest for Week 4/23/18

Still choppy, still no trend, still no follow through. Profits really need to be taken quick. Holding doesn’t work on either side right now. Breadth: SPX stocks at 20-day highs: We did finally get over 15%, but so far no follow through. As I said last week, the  issue with oversold conditions that keep relieving...

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Set ups and Open Interest for Week 4/16/18

Range bound and very challenging environment right now. There is absolutely no trend and no trend means brutal chop. SPX does seem to be forming a rounded bottom and with earnings coming up we are likely getting closer to some better movement and follow through. Breadth: Essentially we are not oversold or overbought and are...

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April OPEX + Monday & Wednesday Open Interest

Last week here I gave the the three SPY open interest charts which pretty much suggested a rangebound market. Not only was it rangebound, but all three expirations pinned almost perfectly. That’s a market that doesn’t have strong buyers or sellers. You can see their pins at the bottom of this post. If you have […]

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SPY Monday, Wednesday & Friday Open Interest

Last week here there was definitely a bias for both some upside (given the high 262 puts) as well as a bit of a rangebound market because of Friday’s expiration. In the end the Monday open interest failed to keep prices up, but the down move did provide a great buying opportunity for Wednesday’s pin. […]

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Set ups and Open Interest for Week 4/9/18

The market continues to be without trend and although there is plenty of movement, option trading has to be precise and very short term at the moment. Although traders are constantly wanting volatility, it’s a double edge sword because it makes for a lot of chop and trading becomes a lot more challenging. I will...

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SPY Monday, Wednesday and Friday Open Interest

Last week here I showed the several open interests for SPY expiration and for the most part there was lots of put support. I described what can happen if that put support didn’t hold (delta hedging), but it didn’t come to that as it held and price stayed above. If you were shorting before those […]

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Set ups and Open Interest for Week 4/2/18

It’s been a tough few weeks where every trade taken likely needs to be very short term and carries extra risk. There hasn’t been much follow through and knowing that and importantly understanding that should be taken into consideration when deciding if a trade is worth it. Most traders lose money in this type of...

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SPY Monday, Wednesday & Quarter End Open Interest

Last week here I showed the three different open interests for SPY and detailed where things could end up based on the high calls or puts. Importantly, I described that the Friday expiration had the risk of delta hedging to the downside particularly at the end of the week (that phenomena leads to a swift […]

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Set ups and Open Interest for Week 3/26/18

The entire month of March up to now (and for the most part February) have been non-trending. The last two weeks have been extremely poor in terms of trading opportunities. There is tons of chop and very high premium making options very difficult to trade. That will eventually change, but no one knows when and...

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SPY Options Expiration for Monday, Wednesday and Friday

Last week here we had three SPY  expirations, but the most important one was Friday’s because it was monthly expiration. The Monday expiration pinned well, the Wednesday was so so, but the Friday one was what really affected price. SPY got as high as 280.41 last week and if you read my post you knew […]

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Set ups and Open Interest for Week 3/19/18

Really crappy trading opportunities last week. There is nothing we can do about that except stay patient and persevere our cash because from annoying trading ranges comes lots of great opportunities. In the end the most important part of our job as traders is to be patient when opportunities are not there. If you can’t...

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March OPEX

What you could learn from last weeks rare open interest: Last week here I discussed that SPY 273 was likely a magnet, but that it probably would not pin there. I described how you could use the type of open interest we had (a rare open interest) to determine the type of trading environment we […]

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Set ups and Open Interest for Week 3/12/18

Fantastic week. We stayed patient throughout the week and for the first time this year traded mostly using next weeks (OPEX) options. That was a great strategy because there was tons of chop and sucking out of premium on weeklies. The weeklies stayed with were huge winners. As of now I expect to see more...

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SPY Monday, Wednesday, & Friday Open Interest

Lessons you can learn from last weeks open interest: Last week here I showed three SPY expirations as we now have Monday expiration. I showed where the best Monday pin would be, but said that if we opened and held over 275 that it was a go with and it likely wouldn’t pin. That indeed […]

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Set ups and Open Interest for Week 3/05/18

It doesn’t get much more choppy and challenging than last week. One thing we can take notice of is that throughout all that crazy chop the open interest worked really well. For SPY the Wednesday high calls completely rejected price and then on Friday’s expiration the high puts held the first time and upon the...

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The First Monday SPY Expiration has Arrived

Last week here I outlined the levels of high puts and calls that would likely act as support or resistance respectively. I also mentioned the possibility of a 270 SPY pin for Wednesday. Although the price action Wednesday morning was tricky to see 270 was still a possibility, if you were looking for the correct […]

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Set ups and Open Interest for Week 2/26/18

We went into last week knowing we would likely get some back and fill and chop. That information helped us to be patient and not chase in the beginning of the week. We didn’t trade much and we didn’t have grand slams, but we had a few small winners and in last weeks kind of...

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Set ups and Open Interest for Week 2/20/18

Last week was great. We didn’t make too many trades, but we had some real monster winners in some of the ones we did take. Typically the week after OPEX tends to be slower so lets keep that in mind with regard to how much we want to trade next week. Breadth: SPX stocks at...

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What SPY Open Interest Suggests for Next Week

Last week here I discussed that there were more puts in the open interest and that if price could stay over them then there was a lot of room higher. I discussed that 266 was a bit of an inflection point which is right where price stalled on both Monday and Tuesday. Once it cleared […]

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February OPEX

Last week here I showed the SPY open interest which had lots of puts lined up, but with price underneath many of them. I said we would likely see changes to the open interest as the week pborgress and we certainly did. As the week progressed the puts kept growing. Every day that we couldn’t hold […]

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Set ups and Open Interest for Week 2/12/18

The market finally corrected with a decent washout along with it. After a market that has gone straight up for over a year that was probably a disaster for most peoples accounts; luckily we managed well by keeping our exposure very minimal while breadth kept signaling overbought. Now with plenty of cash from the money...

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What SPY Open Interest Says for Week Starting 2/5/18

Last week here I showed there was SPY put support at 181 and mentioned that a good buy the dip point would be around 182 to 183. That was clearly the wrong call as price pushed through those levels and the 181 puts began to disappear as the week went on. By the end of […]

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Set ups and Open Interest for Week 2/05/18

Finally after over a month of me showing that we were in overbought territory the market has solidly pulled back from that. I mentioned for weeks that overbought was not a reason to short, but information to keep in the back of our minds so we never got overly long. We did get hurt on...

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Open Interest for the First Expiration of February

Last week here I discussed the high calls a 280 and mentioned that if price got and held above it it was not worth fighting. Indeed price flew above that level at the start of the week and never looked back. If you have not yet subscribed to my weekly freebie you can do so […]

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Set ups and Open Interest for Week 1/29/18

Insane strength in the market and new highs. Still there is some chop during the week so it’s not the case that everything is going straight up and entries and exists as we see still matter. We were able to take advantage last week though very short term trades. It seemed to work the best...

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What SPY Open Interest Suggests for the Coming Week

Last week here I discussed that it was monthly OPEX and thus, the obvious pin which was way below price would likely fail. I also said that should price fall back to SPY 256 it was likely a good buy opportunity (that information was not based on the open interest, but technical analysis). Price got to […]

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Set ups and Open Interest for Week 1/22/17

Despite the market being at highs, things have no doubt slowed down, which is why our trading has slowed down. Our activity needs to be in sync with the overall activity in the market environment and given how things have become overbought we may again see a slower market next week. However, because earnings are...

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January OPEX

Last week here I outlined that the open interest favored the bulls. I also stated that because of Wednesday’s open interest, should SPY get below 273, it was a buy. If you bought when SPY went to 272.92 your indeed did very well. If you have not yet subscribed to my weekly freebie you can do […]

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Set ups and Open Interest for Week 1/16/17

Another great week – 2018 starting off with a bang :-). Breadth: SPX stocks at 20-day highs: Finally I have to expand this chart out 2 years because we surpassed 2017 levels. Clearly we are overbought. That means that either a pause (a sideways consolidation to work off overbought conditions) or pullback is on the...

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The Open Interest Next Week Continues to Favor the Bulls

I hope everyone had an amazing new year and trading week. If you didn’t you should consider subscribing below because weeks like this are as easy as they come and it’s not to late to make 2018 a great year. If you have not yet subscribed to my weekly freebie you can do so below […]

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Set ups and Open Interest for Week 1/8/18

Awesome week! Moving on to next week. Breadth: SPX stocks at 20-day highs: Last week this measure was oversold. Currently, it’s as high as it has been since 2017. As you can see on this 2 year chart that it can go higher, but either way the market is at or very close to a...

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Set ups and Open Interest for Week 1/1/18

New year! New beginnings! Let’s make 2018 the best yet! Breadth: SPX stocks at 20-day highs: On this short term measure the market is actually oversold. It can stay down at these levels for about a week if things are really weak, but we are likely to get a decent bounce at some point over...

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The Last Open Interest for 2017

Happy Holiday’s! Let’s get right into next week! If you have not yet subscribed to my weekly freebie you can do so below to get next weeks trade sent to your mailbox Monday morning (Tuesday this week). Last week I outlined a trade for AAPL which did work if you took profits quickly and before […]

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Set ups and Open Interest for Week 12/26/17

Last week was insanely slow and I don’t see why next week will be much different. The year is basically over for large firms and thus it will be a few small players and algos most of next week. That doesn’t mean there will be no trading opportunities, but they might be very hard to...

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Open Interest for the Upcoming Week of 12/18

Last week here I showed there was a lot of open calls on both the SPY Wednesday and Friday expiration and I wrote that it seemed more likely that price would close below those high calls. I was wrong and the strength of this market was able to push and keep price over those high calls. […]

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Set ups and Open Interest for Week 12/18/17

Back to closing at all time highs in SPX which will likely lead to more new highs next week. Also, a lot of charts, especially in momentum names look much better. There is only two trading weeks left and we are coming into what is usually a very strong time of the year. Breadth: SPX...

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December OPEX

Last week here I wrote that if SPY could not hold over 265 early in the week it was unlikely to get back over that level until at least after Wednesday expiration because of all the high calls. SPY closed under 265 on Monday and with that came a very small pullback, but SPY didn’t […]

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Set ups and Open Interest for Week 12/11/17

Last week was not a very friendly trading environment for short term traders like ourselves. However, we took very few trades and did fairly well overall. Can’t ask for more than that during such a week. Let’s get into next week. Breadth: SPX stocks at 20-day highs: Last week we got to short term oversold...

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SPY Open Interest for Week Starting 12/4/17

Last week here I stated that if price were to open and hold above the high SPY calls of 260 next week to go with it and not fight it. If you did go with that then you were handsomely reward as SPY gained over 2% during the week. If you struggled to make gains […]

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Set ups and Open Interest for Week 12/04/17

The market finally got a bit of volatility last week, but still ended on a fairly bullish note that needs to be confirmed next week. I mentioned last week that I was expecting rotation and although I didn’t get in as early as I would have liked we did navigate last week pretty well and...

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First Week of December Open Interest

Hope everyone had a lovely Thanksgiving weekend. Open Interest: SPY-W: (48 of 63 pins since Wednesday expiration inception).* The only thing that sticks out is the high 260 calls. If price opens Monday over 260 or quickly gets over that level and doesn’t look back then you want to go with because it is showing great […]

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Set ups and Open Interest for Week 11/27/17

Last week was short but ended up being a great week for us. SPX back at all time highs and closed over 2600. Typically that would lead to continuation so we will likely see higher highs next week. Breadth: The SPX measures are not overbought or oversold and thus unhelpful to us in the short...

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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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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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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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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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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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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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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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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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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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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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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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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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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 8/14/17 – 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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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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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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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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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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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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