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 weeks SassyOptions took the week off from the freebie.
Below are the stats since weekly freebie began sending emails:
- 17 wins (I only count wins when they are either big wins or where there was enough time to take profits).
- 6 that didn’t trigger
- 7 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: (18 of 30 for pins).* The best pin for Monday is between 291 and 292, but the range for the best pin is 290 to 293. The high put support at 290 makes it less likely to close under there Monday. The same goes for closing over 293 except the resistance isn’t as high if the market is very strong.
SPY-W: (77 of 106 pins).* The current best pin for Wednesday’s expiration is around 291, with put support at 290 and then again at 288. As of now the put support at those levels would not be strong enough to stop price from moving lower if we had a trending down day. On the other hand, there is fairly strong call resistance at both 293 and 295 which makes it less probable for price to close above either of those by Wednesday expiration (unless those calls close out early in the week). 
SPY-F: (63 of 98 pins).* The main strike that sticks out for Friday’s expiration is the high 292 call resistance. To the down side there is some put support at 289 and then again at 285, but it’s not very strong. At the present time this open interest is more favorable to the bears as it will be easier to get price meaningfully lower than higher from where it is now. Things could continue to stay rangebound, but edge does lie with bears in terms of just Friday’s current open interest. 
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 9/24: Failed to the downside.
Wednesday 9/26: Failed to the downside.
Friday 9/28: Successful pin.
Tags: max pain, open interest, option trading, options, options expiration, options pin
SPY Open Interest for Mon, Wed, Friday for Week 10/1/18
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 weeks SassyOptions took the week off from the freebie.
Below are the stats since weekly freebie began sending emails:
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: (18 of 30 for pins).* The best pin for Monday is between 291 and 292, but the range for the best pin is 290 to 293. The high put support at 290 makes it less likely to close under there Monday. The same goes for closing over 293 except the resistance isn’t as high if the market is very strong.
SPY-W: (77 of 106 pins).* The current best pin for Wednesday’s expiration is around 291, with put support at 290 and then again at 288. As of now the put support at those levels would not be strong enough to stop price from moving lower if we had a trending down day. On the other hand, there is fairly strong call resistance at both 293 and 295 which makes it less probable for price to close above either of those by Wednesday expiration (unless those calls close out early in the week).
SPY-F: (63 of 98 pins).* The main strike that sticks out for Friday’s expiration is the high 292 call resistance. To the down side there is some put support at 289 and then again at 285, but it’s not very strong. At the present time this open interest is more favorable to the bears as it will be easier to get price meaningfully lower than higher from where it is now. Things could continue to stay rangebound, but edge does lie with bears in terms of just Friday’s current open interest.
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 9/24: Failed to the downside.
Wednesday 9/26: Failed to the downside.
Friday 9/28: Successful pin.
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Tags: max pain, open interest, option trading, options, options expiration, options pin