Last weekend to take advantage of this offer:
Because of some recent changes to my premium services, for a limited time Subscribe to SassyPremium and be grandfathered into an AMAZING DEAL. This deal will never be offered again.
This weekly post will not be posted free every week in the future.
Open Interest: If you want more information on how to read the high calls and puts in the open interest see here.
SPY-M: Monday’s expiration has put support at 257/258 and call resistance at 263/264. That is the likely range that SPY will close in on Monday.
SPY-W: Wednesday’s open interest has two high calls strikes, 255 and 260. If price gets and holds above 260 then price is showing strength and should not be fought. If price remains near or stays below 260 then it is possible the 255 calls drag price back down (if they don’t close out before expiration). Should price drop below the put support at 257/258 then it makes it even more likely the 255’s will drag price down. Should that happen there is some decent put support at 253/254. Staying above 257/258 again is showing strength even if it’s not strong enough to hold over 260.
SPY-F: This is a monthly open interest so many of the calls and puts were put on over a long period of time. This means that 1) the open interest won’t change much throughout the week and 2) it also has a bit less of an affect. For the most part there is no good pin. There are several strikes with both high calls and puts, most of which have higher puts. If price should get and hold above 260 then there isn’t much to extrapolate from this OI except that perhaps price gets stuck around 264/265. If price holds under 260 then there is no telling where it will end up based just on the open interest because no one strike is a magnet with so many open calls and puts at different intervals.
Tags: max pain, open interest, option expiration, option pinning, option trading, options pin
SPY Open Interest Week 1/14/19
Last weekend to take advantage of this offer:
Because of some recent changes to my premium services, for a limited time Subscribe to SassyPremium and be grandfathered into an AMAZING DEAL. This deal will never be offered again.
Open Interest: If you want more information on how to read the high calls and puts in the open interest see here.
SPY-M: Monday’s expiration has put support at 257/258 and call resistance at 263/264. That is the likely range that SPY will close in on Monday.
SPY-W: Wednesday’s open interest has two high calls strikes, 255 and 260. If price gets and holds above 260 then price is showing strength and should not be fought. If price remains near or stays below 260 then it is possible the 255 calls drag price back down (if they don’t close out before expiration). Should price drop below the put support at 257/258 then it makes it even more likely the 255’s will drag price down. Should that happen there is some decent put support at 253/254. Staying above 257/258 again is showing strength even if it’s not strong enough to hold over 260.
SPY-F: This is a monthly open interest so many of the calls and puts were put on over a long period of time. This means that 1) the open interest won’t change much throughout the week and 2) it also has a bit less of an affect. For the most part there is no good pin. There are several strikes with both high calls and puts, most of which have higher puts. If price should get and hold above 260 then there isn’t much to extrapolate from this OI except that perhaps price gets stuck around 264/265. If price holds under 260 then there is no telling where it will end up based just on the open interest because no one strike is a magnet with so many open calls and puts at different intervals.
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Tags: max pain, open interest, option expiration, option pinning, option trading, options pin