Last week here I laid out the three open interest ranges for SPY expirations. In general it was a non-eventful week in that all three expirations pinned as you can see below.
If you have not yet subscribed to my weekly freebie you can do so below to get next weeks free trade IDEA (not alert – if you want an entry and exit alert you need to be a subscriber) sent to your mailbox Monday morning.
Last week was FB, but never triggered. Note, Weekly freebie will be taking off all of August. You can still sign up, but new freebies won’t be coming for the remainder of the summer.
- 16 wins (I only count wins when they are either big wins or where there was enough time to take profits).
- 5 that didn’t trigger
- 6 scratch trades
- 1 loss
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- Full premium service includes all day commentary, open interest and technical analysis on ‘in-play’ momentum stocks. Real time trade alerts through my exact entries and exists (meaning I can’t hide behind vague alerts without telling you what price I paid or sold at).
- Weekly Open Interest and Strategy Post – Open interest and technical analysis for AAPL, AMZN, BABA, FB, GS, GOOGL, NFLX, TSLA for this coming week. This does not include my private twitter with exact trade alerts or any updates during the week. This is more an idea based post that you use to trade on your own.
Open Interest: If you want more information on how to read the high calls and puts in the open interest see here.
SPY-M: (16 of 23 for pins since Monday expiration inception).* Monday’s expiration suggests that price will likely close at or above 283. There are a decent amount of calls at both 282 and 283 so it’s possible for price to get into that area; however, because the puts are much higher, unless we have a very weak market, price should be able to stay above the 283 puts by expiration. There is some call resistance that begins at 284, but they aren’t so high that a very strong market couldn’t start pushing through them. At the moment this open interest would suggest a close between 283 and 284, but it does have some wiggle room if we get some sort of trending day.
SPY-W: (73 of 99 pins since Wednesday expiration inception).* Wednesday’s expiation currently shows the best pin to be between 282 and 284, but this can definitely change as the week progresses. If price were to get under the 282 puts there isn’t any put support till 279. That put support is very strong so it would take a very weak market or news to get price under there next week. To the upside there is call resistance that begins at 284. Currently all of the call resistance beginning from 284 is not very high (i.e. strong) and thus, at the present moment if price were strong enough it wouldn’t have much trouble getting through those calls. Make sure to check for updates on how this open interest changes before Wednesday expiration if I don’t post it via twitter.
SPY-F: (58 of 91 pins since I began tracking Friday’s).* The main takeaway from Friday’s current open interest is that it might be hard for price to get or to at least sustain over the 285/286 level because of the high calls. There is small put support at 282, but in general put support is lacking for Friday’s expiration. The current best pin is around 282/283, but there is a lot of time for that to change.
Pinning Stuff:
*An explanation as to how I define range pinning can be found here. More information about what pinning is can be found under the education section or here.
Monday 7/30: Successful pin.
Wednesday 8/1: Successful pin. 
Friday 8/3: Successful pin. 
Tags: day trading, delta hedging, max pain, open interest, option trading, options expiration, options pin, SPX, spy
SPY Mon, Wed, Friday Open Interest for Week 8/06/18
Last week here I laid out the three open interest ranges for SPY expirations. In general it was a non-eventful week in that all three expirations pinned as you can see below.
If you have not yet subscribed to my weekly freebie you can do so below to get next weeks free trade IDEA (not alert – if you want an entry and exit alert you need to be a subscriber) sent to your mailbox Monday morning.
Last week was FB, but never triggered. Note, Weekly freebie will be taking off all of August. You can still sign up, but new freebies won’t be coming for the remainder of the summer.
Join SassyOptions: If you are a short term trader join us at SassyOptions Premium and take advantage of all its offerings that will help make you a better and more profitable trader.
Open Interest: If you want more information on how to read the high calls and puts in the open interest see here.
SPY-M: (16 of 23 for pins since Monday expiration inception).* Monday’s expiration suggests that price will likely close at or above 283. There are a decent amount of calls at both 282 and 283 so it’s possible for price to get into that area; however, because the puts are much higher, unless we have a very weak market, price should be able to stay above the 283 puts by expiration. There is some call resistance that begins at 284, but they aren’t so high that a very strong market couldn’t start pushing through them. At the moment this open interest would suggest a close between 283 and 284, but it does have some wiggle room if we get some sort of trending day.
SPY-W: (73 of 99 pins since Wednesday expiration inception).* Wednesday’s expiation currently shows the best pin to be between 282 and 284, but this can definitely change as the week progresses. If price were to get under the 282 puts there isn’t any put support till 279. That put support is very strong so it would take a very weak market or news to get price under there next week. To the upside there is call resistance that begins at 284. Currently all of the call resistance beginning from 284 is not very high (i.e. strong) and thus, at the present moment if price were strong enough it wouldn’t have much trouble getting through those calls. Make sure to check for updates on how this open interest changes before Wednesday expiration if I don’t post it via twitter.
SPY-F: (58 of 91 pins since I began tracking Friday’s).* The main takeaway from Friday’s current open interest is that it might be hard for price to get or to at least sustain over the 285/286 level because of the high calls. There is small put support at 282, but in general put support is lacking for Friday’s expiration. The current best pin is around 282/283, but there is a lot of time for that to change.
Pinning Stuff:
*An explanation as to how I define range pinning can be found here. More information about what pinning is can be found under the education section or here.
Monday 7/30: Successful pin.
Wednesday 8/1: Successful pin.
Friday 8/3: Successful pin.
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Tags: day trading, delta hedging, max pain, open interest, option trading, options expiration, options pin, SPX, spy