There haven’t been any posts for a couple weeks so there is nothing to look back at. Below though is next weeks open interest information for SPY.
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:
- 16 wins (I only count wins when they are either big wins or where there was enough time to take profits).
- 5 that didn’t trigger
- 6 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: (16 of 26 for pins). The current best pin for Tuesday (markets are closed Monday) is 290, but it’s not so prominent that a there isn’t room for it to close elsewhere. There is put support that begins at 289, but it’s not very strong so a move under there is definitely doable if there are strong sellers and breadth is fairly negative. To the upside there is strong resistance at 292 and thus, price is unlikely to close above there on Tuesday without some serious buyers present. 
SPY-W: (74 of 102 pins). Wednesday expiration is almost opposite of Tuesday’s whereas there is good put support at 288 and not much call resistance up higher. This suggests that it’s unlikely for SPY to close under 288 by Wednesday expiration. The current best pin is 289, but because the calls are not yet very high there is room higher with little resistance. 
SPY-F: (60 of 94 pins). Friday’s best pin is currently 290, but there is plenty of time for that to change. If price gets under 290 the next put support comes in at 287 and then again starting at 285 (if price got there it would almost certainly be a good place to buy unless on some big news). Price over 290 has some resistance at 292 and stronger resistance at 294. For the most part it would seem the range for Friday’s expiration is from 287 to 292, but again subject to change as the week progresses. 
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 8/27: Failed pin to the upside.
Wednesday 8/29: Failed pin to the upside. 
Friday 8/31: Successful pin.
Tags: max pain, open interest, option trading, options, options expiration, options pin
SPY Open Interest for Tues, Wed & Friday of Week 9/4/18
There haven’t been any posts for a couple weeks so there is nothing to look back at. Below though is next weeks open interest information for SPY.
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: (16 of 26 for pins). The current best pin for Tuesday (markets are closed Monday) is 290, but it’s not so prominent that a there isn’t room for it to close elsewhere. There is put support that begins at 289, but it’s not very strong so a move under there is definitely doable if there are strong sellers and breadth is fairly negative. To the upside there is strong resistance at 292 and thus, price is unlikely to close above there on Tuesday without some serious buyers present.
SPY-W: (74 of 102 pins). Wednesday expiration is almost opposite of Tuesday’s whereas there is good put support at 288 and not much call resistance up higher. This suggests that it’s unlikely for SPY to close under 288 by Wednesday expiration. The current best pin is 289, but because the calls are not yet very high there is room higher with little resistance.
SPY-F: (60 of 94 pins). Friday’s best pin is currently 290, but there is plenty of time for that to change. If price gets under 290 the next put support comes in at 287 and then again starting at 285 (if price got there it would almost certainly be a good place to buy unless on some big news). Price over 290 has some resistance at 292 and stronger resistance at 294. For the most part it would seem the range for Friday’s expiration is from 287 to 292, but again subject to change as the week progresses.
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 8/27: Failed pin to the upside.
Wednesday 8/29: Failed pin to the upside.
Friday 8/31: Successful pin.
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Tags: max pain, open interest, option trading, options, options expiration, options pin