Last week here I discussed the possibility for delta hedging. If you don’t understand the concept I encourage you to take the time to read about here. Although it doesn’t happen often, it’s helpful to know when it is a possibility and the outcome of it. If you have not yet subscribed to my weekly […]
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 a GOOGL long trade that triggered and failed. Below are the […]
Two pins last week on SPY and one fail which 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 […]
Last week all three SPY 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 […]
Last week SPX saw a level it hasn’t seen since the first month of the year. There was only one pin last week; however, it’s important to note that none of the large levels of either puts or calls were violated. Monday and Friday weren’t perfect pins, but they did fall within the large heavily […]
Last week here I outlined the three open interest charts for SPY which pinned fairly well for the most part (as you can see at the bottom of this post). Wednesday didn’t pin, but after the 283 calls closed (I showed that via twitter Wednesday morning), the resistance became much less powerful allowing price to […]
Last week was full of rangebound chop and the result was a pin on all three expirations which you can see at the bottom of this post. 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 […]
Last week the bulls held control as price closed over all the high calls for each expiration. Next week is monthly options expiration. 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 alert you need to […]
Last week here I wrote about the three SPY expirations. The Wednesday one changed quite a bit during the week (which I posted to Twitter) and yet all three did end up pinning. Pinning within range doesn’t always work, but knowing the ranges is an amazing tool at every traders disposal (especially when I post […]
Last week here I showed the thee open interest ranges for SPY. They shifted a bit during the week with Monday and Wednesday both pinning. Wednesday actually landed right on the high calls, which demonstrated a lot of strength and lo and behold that strength continued into Friday and closed above the high calls. If […]
Last week here we had 3 different ranges to gauge where SPY would likely not close on each expiration day. Even after undercutting the Tuesday high puts, by expiration all the puts fell back out of the money. Bottom line, the ranges worked and are always very helpful to know because they offer buy or […]
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 alert you need to be a subscriber) sent to your mailbox Monday morning. Last week we were off, but two weeks ago was $FB and it was […]
If you have not yet subscribed to my weekly freebie you can do so below to get next weeks free trade idea sent to your mailbox Monday morning. Last week we were off, but two weeks ago was $AMZN and if you took the trade it was a MASSIVE winner. The stats for the weekly freebie […]
Last week here I gave the the three SPY open interest charts which pretty much suggested a rangebound market. Not only was it rangebound, but all three expirations pinned almost perfectly. That’s a market that doesn’t have strong buyers or sellers. You can see their pins at the bottom of this post. If you have […]
Last week here there was definitely a bias for both some upside (given the high 262 puts) as well as a bit of a rangebound market because of Friday’s expiration. In the end the Monday open interest failed to keep prices up, but the down move did provide a great buying opportunity for Wednesday’s pin. […]
Last week here I showed the several open interests for SPY expiration and for the most part there was lots of put support. I described what can happen if that put support didn’t hold (delta hedging), but it didn’t come to that as it held and price stayed above. If you were shorting before those […]
Last week here I showed the three different open interests for SPY and detailed where things could end up based on the high calls or puts. Importantly, I described that the Friday expiration had the risk of delta hedging to the downside particularly at the end of the week (that phenomena leads to a swift […]
Last week here we had three SPY expirations, but the most important one was Friday’s because it was monthly expiration. The Monday expiration pinned well, the Wednesday was so so, but the Friday one was what really affected price. SPY got as high as 280.41 last week and if you read my post you knew […]
What you could learn from last weeks rare open interest: Last week here I discussed that SPY 273 was likely a magnet, but that it probably would not pin there. I described how you could use the type of open interest we had (a rare open interest) to determine the type of trading environment we […]
Last week here I outlined the levels of high puts and calls that would likely act as support or resistance respectively. I also mentioned the possibility of a 270 SPY pin for Wednesday. Although the price action Wednesday morning was tricky to see 270 was still a possibility, if you were looking for the correct […]
Last week here I showed there was SPY put support at 181 and mentioned that a good buy the dip point would be around 182 to 183. That was clearly the wrong call as price pushed through those levels and the 181 puts began to disappear as the week went on. By the end of […]
Last week here I discussed that it was monthly OPEX and thus, the obvious pin which was way below price would likely fail. I also said that should price fall back to SPY 256 it was likely a good buy opportunity (that information was not based on the open interest, but technical analysis). Price got to […]
Last week here I outlined that the open interest favored the bulls. I also stated that because of Wednesday’s open interest, should SPY get below 273, it was a buy. If you bought when SPY went to 272.92 your indeed did very well. If you have not yet subscribed to my weekly freebie you can do […]
Last week here I showed there was a lot of open calls on both the SPY Wednesday and Friday expiration and I wrote that it seemed more likely that price would close below those high calls. I was wrong and the strength of this market was able to push and keep price over those high calls. […]
I was out of town last weekend hence no post. Luckily I returned in time to trade the Friday fun. SPX closed at a new high and is likely to see another new high at some point next week. Open Interest: SPY-W: (45 of 59 pins).* Currently the best pin is around 256, but it’s […]
Last week here I showed the open interest for both Wednesday and Friday expiration and wrote that after two closes over the high calls it was likely that SPX would take some time to consolidate and was unlikely to close over the high calls again. SPX consolidated in a very strong tight range and indeed […]
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. […]
Last week here I showed where there would likely be call resistance on SPY prior to expiration. At the start of the week SPY blew through the high call resistance with strong breadth and never looked back. It was one of the first times in a while SPY was able to make such a leap […]
Last week here I suggested that both the Wednesday and Friday SPY open interest supported a rangebound week. That came to fruition and there really only was one good opportunity which came Tuesday when SPY fell below two levels of high puts. Knowing where the likely pin would be Wednesday, combined with technical support levels, […]
I’m back and here is your SPY open interest for next week. If you want the real goods you should subscribe below. SPY-W: (41 of 51 pins since Wednesday expiration inception).* The current best pin is clearly 247. There is also more puts at that strike than calls making it pretty good support coupled with the […]
Last week here along with the SPY open interest notes, I shared my thoughts that I did not believe the lows were in yet. The open interest turned out to be very helpful (as it usually is) because when SPY traded above the high calls for Wednesday’s expiration (which happened to also be technical resistance) […]
Last week here I showed both the SPY Wednesday and Friday expiration. I pointed out the very good put support for Wednesday and the call resistance (248). I also pointed out that there was pretty much no put support for Friday. If you weren’t suspicious of the Tuesday morning up move (which blew through the […]
Last week here I displayed the SPY open interest for Wednesday and Friday. The Wednesday expiration pinned where I described the best pin to be. The Friday expiration changed mid-week, which I posted to twitter since the change was fairly significant and changed the odds of where Friday would close. Indeed Friday also resulted in a […]
Last week here I gave you the SPY parameters for both Wednesday and Friday (and updated them over twitter). What you did with them I have no idea, but they worked well (see below for last weeks pin information). For newbies to open interest, knowing where SPY won’t go is often just as valuable as […]
Last week here I gave the SPY open interest range and also wrote that based on last Friday’s close higher prices were likely coming. I clearly laid out where there was put support and where there was call resistance – both got hit and rejected price. Knowing where SPY can go and will likely fail is […]
Last week here I stated the open interest favored higher prices and was “notably bullish.” I showed that there were no calls in the way of making new highs, something that doesn’t happen very often. And now here we are at all time highs. Open Interest: SPY-W: SPY-W: (36 of 44 pins since Wednesday expiration inception).* The current […]
It’s been a couple of weeks since I’ve posted, but in the meantime I have tweeted the weekly open interest for SPY charts and continue to keep track of them which you can view at the bottom. Open Interest: SPY-W: (35 of 43 pins since Wednesday expiration inception). Taken at face value this open interest is bullish […]
Last week here in the summary of my post I wrote: “In Sum, the grind higher is likely to continue in SPY; however, a pullback into support is possible and also a buying opportunity if it happens toward the beginning of the week…..“. This was available for anyone to read and was a HUGE trade […]
Two weeks ago here, I wrote that if the SPX gaps filled it was a good buying opportunity. Then last week here, I wrote that the market would likely grind higher once again and possibly break new highs after the Wednesday SPY expiration. Yes, yes and yes! Open Interest: SPY-W: (29 of 37 pins since Wednesday […]
Last week here I discussed that it would be difficult for SPY to stay over 240 based on the open interest for both Wednesday and Friday expiration. I also said that if SPY took out the lows from the previous week that it may be headed for both it’s gap fills and added that it was […]
Last week here I said SPX was likely to make a new high – Check ✅ (albeit by a very small amount). I also showed that both the Wednesday and Friday open interests had calls stacked at 240. Going into the week I believed that the right set-up existed for bulls to really push SPY over […]
Last week here I said the path of least resistance remained higher and that SPX was likely to make a new high in the coming weeks. I also discussed the heavy call resistance for both Wednesday and Friday’s expiration. In the end, the call resistance did hold SPY back for most of the week, but the […]
Last week there was no post, but in previous posts, both at the end of March and the beginning of April (see here) I continued to suggest that SPX would likely get to old highs or make new ones before a more meaningful correction took place. That has now been achieved as SPX went within 2 […]
Last week here I discussed that the overall trend was still higher, but that bulls needed to “curb their enthusiasm” as there were a lot of open calls that would act as resistance for both the Wednesday and Friday SPY expiration. I then updated that during the week over twitter with the message that bears should […]
Last week here I summed things up with: “Currently, the market is near or already oversold and likely to bounce soon if that has not already begun late Friday. Should price immediately go lower it will become even more oversold and not a place to initiate shorts.” Furthermore, I discussed that the open interest suggested that the […]
Last week here I wrote that the path of least resistance remained higher despite the possibility of remaining in a range. Importantly, I showed the Wednesday open interest and suggested that pullbacks to or under 237 would likely be bought. Thus, the pullback early in the week provided an excellent opportunity to get long into Wednesday. Below you […]
Last week here I made the case for a likely pullback/pause. Indeed, the market did pullback, but by the end of the week recovered some of its losses to close 10 points lower than last Friday. Next week is Quad witching/OPEX, which tends to have a bullish bias. Although I do think it’s possible for SPX to […]
Last week here I suggested that there was likely a new high to be made. That indeed worked out, but for the first time in a while some cracks* began to show late in the week. I am not ready to call for a pullback and would not be surprised to see another new high […]
Last week here I stated “there is no reason not to expect another new high to be made as the edge continues to reside with the bulls.” That worked out nicely and I am now making a similar statement regarding next week. There is one wild card that can derail the bull run (namely Trump addressing Congress […]
Last week here, I was bullish biased thinking the market wouldn’t do too much as it waited for the Fed, but that it would at least hold up due to all the puts that had potential to act as support. Instead price struggled from the start of the week to push over the puts and […]
Last week here I wrote that we were likely to bounce, but also to make a lower low. Both did indeed take place. The question now becomes have we bottomed or is there more downside to come and if so, how far? A look at how oversold the market is: 20-day highs went below 5% which […]
Last week here I wrote that the most likely scenario based on the evidence was a period of consolidation and/or pullback. Based on the open interest I also discussed the drop that would likely happen if we breached the 210 level on SPY more than once. Both scenarios played out and now we find ourselves threatening […]
It’s been a while since I’ve mused, and hoping I begin to contribute more regularly again. Let’s discuss 2015 a bit shall we. What a game of f***ery. Traders love to say the volatility provides such a great environment to make quick dough and they are correct; however, much easier said than done. As much […]
Investopedia defines maxpain as: the point at which options expire worthless. The term, max pain, stems from the Maximum Pain theory, which states that most traders who buy and hold options contracts until expiration will lose money. According to the theory, this is due to the tendency for the price of a underlying stock to […]
SPY Open Interest Week 1/7/19
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 […]
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