Hope everyone is having a nice holiday. Here is your updated open interest for expiration this Friday. SPY: Staying over 181 I think gives SPY much more upside potential. If falls below 181 then good chances of a 180 – 181 pin. AAPL: Oddly, the 560 calls didn’t close out on Tuesday. The […]
Tapering and Revised 4.1% GDP Estimate. Stick That up Your…. What a wild week! Hopefully you were prepared with a plan. My plan was outlined for your viewing last week: “My take is that if we get more downside next week it will be early on leading up to the the Fed meeting, but that the […]
On Thursday evening of last week (December 19th), I posted this regarding SPY’s open interest along with the graph below: This conversation followed: SPY closed Friday at 181.56. I thought this would be a good time to try to explain when a large strike could become a magnet for a stock or ETF. I’m going […]
Have you been naughty or nice? After a year of constant jokes and criticism do you think Ben – oops, I mean Santa is going to shower us with money through the likes of AMZN, GOOG, FB, TWTR, NFLX, TSLA and all stocks that begin with any letter from A to Z? Or is he […]
CHOP CHOP CHOP The Week That Was: My wrap-up regarding last week can be viewed by the above image. Moving Onto Next Week: So now what? Well your guess is as good as mine. Longer term, things still look great. All we have done is gone sideways after a very large move that began in […]
It’s Over! Move Along + First OPEX of 2014
I bet I got some bears excited with that title. What I mean is 2013 is over, not the bull market. Jan 3rd expiration is now in the forefront. From Thursday evening (12/26): Anyone who has been following me this year knows that I have been a huge bull, so those words coming from me […]
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