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 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
- 2 loss
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Open Interest: If you want more information on how to read the high calls and puts in the open interest see here.
SPY-M: (19 of 31 for pins).* There is really nothing to see here except that 293 is heavy resistance. 
SPY-W: (77 of 107 pins).* Opposite to Monday’s expiration, Wednesday’s is more bullish in that there are high puts at 290 and then again from 285 to 287. If price stays below the 290 puts though then they may close out before Wednesday’s expiration. However if they remain there then odds favor a close at or above 290 at Wednesday’s close. 
SPY-F: (63 of 99 pins).* The current best pin for Friday is around 290, but that can easily change as the week progresses. There is high call resistance starting at 292, but it’s the 293 call resistance that really sticks out. In terms of the downside there are puts from 283 all the way to 288. This can be a positive if price remains above 288; however, if price goes below it (in particular if it’s the end of the week) then there is a risk of a very fast sharp drop due to delta hedging. 
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 10/1: Successful pin.
Wednesday 10/3: Successful pin. Although it closed below those high calls it was by a very small amount so I’m counting it as a pin.
Friday 10/5: Failed to the downside.
Tags: max pain, open interest, option trading, options expiration, options pin, pinning
SPY Open Interest for Mon, Wed, Friday for Week 10/8/18
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 week was a GOOGL long trade that triggered and failed.
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: (19 of 31 for pins).* There is really nothing to see here except that 293 is heavy resistance.
SPY-W: (77 of 107 pins).* Opposite to Monday’s expiration, Wednesday’s is more bullish in that there are high puts at 290 and then again from 285 to 287. If price stays below the 290 puts though then they may close out before Wednesday’s expiration. However if they remain there then odds favor a close at or above 290 at Wednesday’s close.
SPY-F: (63 of 99 pins).* The current best pin for Friday is around 290, but that can easily change as the week progresses. There is high call resistance starting at 292, but it’s the 293 call resistance that really sticks out. In terms of the downside there are puts from 283 all the way to 288. This can be a positive if price remains above 288; however, if price goes below it (in particular if it’s the end of the week) then there is a risk of a very fast sharp drop due to delta hedging.
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 10/1: Successful pin.
Wednesday 10/3: Successful pin. Although it closed below those high calls it was by a very small amount so I’m counting it as a pin.
Friday 10/5: Failed to the downside.
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Tags: max pain, open interest, option trading, options expiration, options pin, pinning