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:
- 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: (23 of 37 for pins).* The best pin for Monday’s expiration is 275’ish with nothing really else to see except the high calls at 280.
SPY-W: (80 of 113 pins).* The current best pin is 274 wit a range from roughly 272 to 275.
SPY-F: (66 of 105 pins).* The larger range for Friday (a shortened day) is from 269 to 282. There is some puts at 270 and some calls at 277, but pretty much in between all that is lots of room. This could obviously change by Friday. 
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 11/12: Failed pin to the downside. 
Wednesday 11/14: Failed to the downside.
Friday 11/16: Successful pin. Monthly expiration is always hard cause there are often multiple strikes with even calls and puts making neither a perfect pin. For those I end up going with the range and if it can close above very high puts or below high calls. In this case that was achieved. 
Tags: max pain, open interest, option trading, options expiration, options pin, SPX, spy
SPY Open Interest for Mon, Wed, Friday for Week 11/19/18
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: (23 of 37 for pins).* The best pin for Monday’s expiration is 275’ish with nothing really else to see except the high calls at 280.
SPY-W: (80 of 113 pins).* The current best pin is 274 wit a range from roughly 272 to 275.
SPY-F: (66 of 105 pins).* The larger range for Friday (a shortened day) is from 269 to 282. There is some puts at 270 and some calls at 277, but pretty much in between all that is lots of room. This could obviously change by Friday.
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 11/12: Failed pin to the downside.
Wednesday 11/14: Failed to the downside.
Friday 11/16: Successful pin. Monthly expiration is always hard cause there are often multiple strikes with even calls and puts making neither a perfect pin. For those I end up going with the range and if it can close above very high puts or below high calls. In this case that was achieved.
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Tags: max pain, open interest, option trading, options expiration, options pin, SPX, spy