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...
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...
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...
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...
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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