SPY-M: Monday doesn’t really have a best pin (if I had to call one it would be between 292 and 293), but it does have call resistance starting from 295 all the way up to 298. Price closed Friday at 293 so it has room higher before hitting resistance. Also, the call resistance from 295...
SPY-M: Monday’s best pin is around 294.5. There is high call resistance at 295 which makes it less likely for price to close over that level. If we gap over 295 and breadth is strong with no signs of give back then there is no reason to fight it; but, based on this open interest...
SPY-M: Monday’s expiration has the best pin at 289/290. There are some decent puts from 288 to 289, but the strong put support comes in at 287. To the upside, although there are some calls from 290 to 292, there really isn’t call resistance till 293. SPY-W: Wednesday’s expiration is a bit erratic in terms...
SPY-M: Monday’s expiration has the best pin at 285, but the puts aren’t that high; it’s mostly calls. Thus, the assumption would be that price closes at or below 285 at the close Monday. SPY closed at 287.65 Friday so if it opens there or above 285 and breadth stays positive then those calls may...
SPY-M: There isn’t good pin for Monday, but there is put support, namely at 275 and 270. Price closed a bit above 275, so for now we should assume that price will close above there on Monday afternoon. If we gap under 275 and can’t reclaim it then there is a bit of put support...