options pin

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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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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Does the Energizer Bull Have any Battery Left?

Last week here I suggested that there was likely a new high to be made. That indeed worked out, but for the first time in a while some cracks* began to show late in the week. I am not ready to call for a pullback and would not be surprised to see another new high […]

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What Is Open Interest, Max Pain and Pinning

The increase in weekly options has caught the attention of many traders as a potentially quick way to make money without the larger premiums coupled with monthly options. Many people are already familiar with and use maxpain as a way to gauge what the price of a stock may be at the close on Friday expiration. Knowing […]

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