SPY-M: Tuesday’s best pin is between 282 and 284, but it’s not a strong pin so a trending day can easily change that. What sticks out most is the high put support from 277 to 279. Price should close above there by expiration. However, there are always exceptions so if price opens below or within...
SPY-M: Monday’s best pin is between 286 and 288; however, there is definitely room for movement because the puts from 284 to 286 are not that high and neither are the calls at 288. SPY closed very close to 286 so if price opens there or within 286 to 288 and breath remains flattish then...
SPY-M: Monday’s best pin is 288 with a range from 287 to 290. This would imply that Monday will likely be a neutral sideways day given price closed at 288.10 on Friday. If breadth confirms that it’s going to be a mostly sideways day there may be a very short-term opportunity to go long or...
SPY-M: Monday’s best pin is currently 294, which happens to be right where it closed on Friday. With that said, there is definitely a range with some put support at 293 and then again at 290 in case we open under 293. There is call resistance at 295, but then over that there isn’t anything...