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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).
- 7 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: (22 of 35 for pins).* There is no perfect pin but 272’ish wouldn’t be bad. There is small put support at both 268 and 270. There is small call resistance at 275 and then a large amount at 277. At the moment the most likely close would be between 270 and 275 for Monday’s expiration. 
SPY-W: (80 of 111 pins).* There isn’t much to see except a ton of call resistance at 275. Price is unlikely to close over 275 come Wednesday expiration unless those calls close out prior to it. 
SPY-F: (64 of 103 pins).* The current best pin for Friday’s expiration is 270. There is put support at both 265 and 267 and as long as there is no heavy trending down day, price should remain above those levels. To the upside there is heavy call resistance at 275, which similar to Wednesday makes it unlikely for price to close above there come Friday expiration (unless those calls close out prior to). 
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 10/29: Failed pin to the downside. 
Wednesday 10/31: Successful pin.
Friday 11/2: Successful pin.
Tags: max pain, open interest, option trading, options expiration, options pin
SPY Open Interest for Mon, Wed, Friday for Week 11/05/18
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.
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: (22 of 35 for pins).* There is no perfect pin but 272’ish wouldn’t be bad. There is small put support at both 268 and 270. There is small call resistance at 275 and then a large amount at 277. At the moment the most likely close would be between 270 and 275 for Monday’s expiration.
SPY-W: (80 of 111 pins).* There isn’t much to see except a ton of call resistance at 275. Price is unlikely to close over 275 come Wednesday expiration unless those calls close out prior to it.
SPY-F: (64 of 103 pins).* The current best pin for Friday’s expiration is 270. There is put support at both 265 and 267 and as long as there is no heavy trending down day, price should remain above those levels. To the upside there is heavy call resistance at 275, which similar to Wednesday makes it unlikely for price to close above there come Friday expiration (unless those calls close out prior to).
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 10/29: Failed pin to the downside.
Wednesday 10/31: Successful pin.
Friday 11/2: Successful pin.
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Tags: max pain, open interest, option trading, options expiration, options pin