SPY-M: Tuesday’s best pin is between 382 and 383 with a range from 381 to 385 or 390 if price gets past that.
SPY-W: Wednesday doesn’t have a best pin. Could be 380’ish, could be 390, but neither are prominent. There are high puts at both 375 and 370.
SPY-F: Friday also doesn’t have a prominent pin and no high calls either. Lots of puts once again at 375 and then at 365.
Overall thoughts: What a waste of a week. Price was very stuck between 3764 and 3890 with it pretty much going back and forth through 3800. So nothing was really resolved. So below last weeks low of 3764 there is support at 3744 and 3698. If price could get back over 4100 the resistance levels are include 4120, 4150, 4167, 4190-4200. For now first line of defense for SPY is the high 375 puts.
SassyPremium 12/27/22
SPY-M: Tuesday’s best pin is between 382 and 383 with a range from 381 to 385 or 390 if price gets past that.
SPY-W: Wednesday doesn’t have a best pin. Could be 380’ish, could be 390, but neither are prominent. There are high puts at both 375 and 370.
SPY-F: Friday also doesn’t have a prominent pin and no high calls either. Lots of puts once again at 375 and then at 365.
Overall thoughts: What a waste of a week. Price was very stuck between 3764 and 3890 with it pretty much going back and forth through 3800. So nothing was really resolved. So below last weeks low of 3764 there is support at 3744 and 3698. If price could get back over 4100 the resistance levels are include 4120, 4150, 4167, 4190-4200. For now first line of defense for SPY is the high 375 puts.
Of Interest: Wait and see.
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