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 it was downgraded the next day. In my full premium service (where I alert the actual buy and sell for the trade) we took calls from $0.82 to $1.75 where we sold half. Although the other half got caught up in the downgrade we at least didn’t lose any money. So far the weekly freebie is 3 for 3.

Open Interest:

SPY-W: (49 of 67 pins). There is only one thing to see and that is the 270 calls. There is huge resistance there and nothing else in terms of call resistance or put support. 

SPY-F: (42 of 61 pins). This is a quarterly expiration that happens to land on a Friday. Because of that, it’s similar to a monthly expiration in that many of these calls and puts were bought over a long period of time (even longer than on a monthly) and thus can be stale and less effective. With that said, it’s hard to ignore the huge level of call resistance at the 267 level. The best scenario for bulls is a gap over that level that doesn’t look back. If that happened or if price was able to hold over 267 (even if it didn’t happen in a gap), then it would have room to 270 before facing call resistance again (but a smaller amount). If price doesn’t open Tuesday over 267 or falls back under it then the longer it stays under the more difficult it will be to push through those calls as the week progresses.

Promotional stuff: If you are a short term trader and have been struggling or you just want to up your game and learn how to incorporate open interest and technical analysis then you want to join  SassyOptions Premium services. 5 day trials available.

  •  Full premium service includes all day commentary, open interest and technical analysis on ‘in-play’ momentum stocks, and real time trade alerts through my exact entries and exists (meaning I can’t hide behind vague alerts).
  •  Weekly Open Interest and Strategy Post – Open interest and technical analysis for how to trade AAPL, AMZN, BABA, FB, GS, GOOGL, NFLX, TSLA for this coming week. This does not include my private twitter, exact trades or any other updates.

Pinning stuff:

*An explanation as to how I define range pinning can be found here. More information about what pinning is can be found under the education section of my site.

Wednesday 12/20: Failed pin to the upside.

Friday 12/22: Successful pin. Close enough in my opinion.