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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: Monday’s open interest has high call resistance at 253. If price opens above or gets above 253 early in the session and remains there then it is demonstrating strength and has a lot of room higher before the high 258 calls. If price remains below 253 then it may get stuck until after Monday’s expiration and either remain rangebound or head lower. There is good put support at 249. The calls under 249 should be ignored unless price fell or opened below 249, in which case those calls could drag price lower.
SPY-W: Wednesday’s open interest has decent amount of put support at 245 and some calls at 250, which is under where price closed Friday. As long as price remains above 250 there isn’t much call resistance in the way to continue higher. If price gets back under 250 it could get stuck till after Wednesday’s expiration.
SPY-F: There really isn’t much to see here except the high calls at 260 and 262. There are some high calls at 255 and high puts at 258, but because the calls come before the puts it’s difficult to interpret them as meaningful. Thus, the only take away at the moment for Friday’s open interest is the resistance starting at 160. This can change as the week progresses, especially if we continue to get large market swings.
Tags: pinning
SPY Open Interest Week 1/7/19
Because of some recent changes to my premium services, for a limited time Subscribe to SassyPremium and be grandfathered into an AMAZING DEAL. This deal will never be offered again.
This weekly post will not be posted free every week in the future.
Open Interest: If you want more information on how to read the high calls and puts in the open interest see here.
SPY-M: Monday’s open interest has high call resistance at 253. If price opens above or gets above 253 early in the session and remains there then it is demonstrating strength and has a lot of room higher before the high 258 calls. If price remains below 253 then it may get stuck until after Monday’s expiration and either remain rangebound or head lower. There is good put support at 249. The calls under 249 should be ignored unless price fell or opened below 249, in which case those calls could drag price lower.
SPY-W: Wednesday’s open interest has decent amount of put support at 245 and some calls at 250, which is under where price closed Friday. As long as price remains above 250 there isn’t much call resistance in the way to continue higher. If price gets back under 250 it could get stuck till after Wednesday’s expiration.
SPY-F: There really isn’t much to see here except the high calls at 260 and 262. There are some high calls at 255 and high puts at 258, but because the calls come before the puts it’s difficult to interpret them as meaningful. Thus, the only take away at the moment for Friday’s open interest is the resistance starting at 160. This can change as the week progresses, especially if we continue to get large market swings.
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Tags: pinning