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 off, but two weeks ago was FB and […]
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 […]
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 […]
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 and the next couple weeks during earnings season will be off. Below are […]
Last week here I discussed the possibility for delta hedging. If you don’t understand the concept I encourage you to take the time to read about here. Although it doesn’t happen often, it’s helpful to know when it is a possibility and the outcome of it. If you have not yet subscribed to my weekly […]
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 […]
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 weeks SassyOptions took the week off from the freebie. Below are […]
Last week all three SPY expirations pinned as you can see below. 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 […]
Tuesday and Wednesday both pinned last week which you can see at the end of this post. Friday the bears won although only by a very small bit. It did seem bulls were protecting Friday so that might lead to a pretty good bounce next week. If you have not yet subscribed to my weekly […]
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 […]
Last week SPX saw a level it hasn’t seen since the first month of the year. There was only one pin last week; however, it’s important to note that none of the large levels of either puts or calls were violated. Monday and Friday weren’t perfect pins, but they did fall within the large heavily […]
Last week here I laid out the three open interest ranges for SPY expirations. In general it was a non-eventful week in that all three expirations pinned as you can see below. If you have not yet subscribed to my weekly freebie you can do so below to get next weeks free trade IDEA (not alert […]
Last week here I outlined the three open interest charts for SPY which pinned fairly well for the most part (as you can see at the bottom of this post). Wednesday didn’t pin, but after the 283 calls closed (I showed that via twitter Wednesday morning), the resistance became much less powerful allowing price to […]
Last week was full of rangebound chop and the result was a pin on all three expirations which you can see at the bottom of this post. 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 […]
Last week the bulls held control as price closed over all the high calls for each expiration. Next week is monthly options expiration. 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 alert you need to […]
Hope everyone had a lovely holiday. Last week the free weekly post was off, but you can see below that all three expirations for SPY did indeed pin. In fact, those that either belong to my service or took it upon themselves to look at Friday’s open interest would have known the high likelihood of […]
Last week here we had three expirations that didn’t give much in the way of a “best pin,” but did offer information about where there would be high put support and/or call resistance. I mentioned the high puts at 276 for Friday’s expiration and said that upon a first touch or break of that it […]
Last week here I wrote about the three SPY expirations. The Wednesday one changed quite a bit during the week (which I posted to Twitter) and yet all three did end up pinning. Pinning within range doesn’t always work, but knowing the ranges is an amazing tool at every traders disposal (especially when I post […]
Last week here I showed the thee open interest ranges for SPY. They shifted a bit during the week with Monday and Wednesday both pinning. Wednesday actually landed right on the high calls, which demonstrated a lot of strength and lo and behold that strength continued into Friday and closed above the high calls. If […]
Last week here we had 3 different ranges to gauge where SPY would likely not close on each expiration day. Even after undercutting the Tuesday high puts, by expiration all the puts fell back out of the money. Bottom line, the ranges worked and are always very helpful to know because they offer buy or […]
Last week here, I showed the three SPY open interest ranges for expiration and price pretty much held very nicely within them. I guess that isn’t so hard when the market trades in a very small range. Yet if you knew where there was put support and call resistance it could have prevented you from […]
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 alert you need to be a subscriber) sent to your mailbox Monday morning. Last week we were off, but two weeks ago was $FB and it was […]
If you have not yet subscribed to my weekly freebie you can do so below to get next weeks free trade idea sent to your mailbox Monday morning. Last week we were off, but two weeks ago was $AMZN and if you took the trade it was a MASSIVE winner. The stats for the weekly freebie […]
Last week here I gave the the three SPY open interest charts which pretty much suggested a rangebound market. Not only was it rangebound, but all three expirations pinned almost perfectly. That’s a market that doesn’t have strong buyers or sellers. You can see their pins at the bottom of this post. If you have […]
Last week here I showed the several open interests for SPY expiration and for the most part there was lots of put support. I described what can happen if that put support didn’t hold (delta hedging), but it didn’t come to that as it held and price stayed above. If you were shorting before those […]
Last week here I showed the three different open interests for SPY and detailed where things could end up based on the high calls or puts. Importantly, I described that the Friday expiration had the risk of delta hedging to the downside particularly at the end of the week (that phenomena leads to a swift […]
What you could learn from last weeks rare open interest: Last week here I discussed that SPY 273 was likely a magnet, but that it probably would not pin there. I described how you could use the type of open interest we had (a rare open interest) to determine the type of trading environment we […]
Lessons you can learn from last weeks open interest: Last week here I showed three SPY expirations as we now have Monday expiration. I showed where the best Monday pin would be, but said that if we opened and held over 275 that it was a go with and it likely wouldn’t pin. That indeed […]
Last week here I discussed that there were more puts in the open interest and that if price could stay over them then there was a lot of room higher. I discussed that 266 was a bit of an inflection point which is right where price stalled on both Monday and Tuesday. Once it cleared […]
Last week here I showed there was SPY put support at 181 and mentioned that a good buy the dip point would be around 182 to 183. That was clearly the wrong call as price pushed through those levels and the 181 puts began to disappear as the week went on. By the end of […]
Last week here I discussed the high calls a 280 and mentioned that if price got and held above it it was not worth fighting. Indeed price flew above that level at the start of the week and never looked back. If you have not yet subscribed to my weekly freebie you can do so […]
Last week here I discussed that it was monthly OPEX and thus, the obvious pin which was way below price would likely fail. I also said that should price fall back to SPY 256 it was likely a good buy opportunity (that information was not based on the open interest, but technical analysis). Price got to […]
I hope everyone had an amazing new year and trading week. If you didn’t you should consider subscribing below because weeks like this are as easy as they come and it’s not to late to make 2018 a great year. If you have not yet subscribed to my weekly freebie you can do so below […]
Last week here I showed there was a lot of open calls on both the SPY Wednesday and Friday expiration and I wrote that it seemed more likely that price would close below those high calls. I was wrong and the strength of this market was able to push and keep price over those high calls. […]
Last week here I stated that if price were to open and hold above the high SPY calls of 260 next week to go with it and not fight it. If you did go with that then you were handsomely reward as SPY gained over 2% during the week. If you struggled to make gains […]
Hope everyone had a lovely Thanksgiving weekend. Open Interest: SPY-W: (48 of 63 pins since Wednesday expiration inception).* The only thing that sticks out is the high 260 calls. If price opens Monday over 260 or quickly gets over that level and doesn’t look back then you want to go with because it is showing great […]
Last week here I discussed the likelihood of new highs, but that price was unlikely to close above SPY 260 for both open interest reasons as well as psychological round number reasons. A new high was made, but as price approached the 260 level SPY pulled back. For the first time in several weeks SPY […]
Last week here I said that SPY was likely to make a new high and showed the resistance and support areas for SPY’s Wednesday and Friday’s expiration. Both expirations pinned fairly well, which is no surprise given the slow nature of the move. SPY is likely to make another new high again in the next […]
I was out of town last weekend hence no post. Luckily I returned in time to trade the Friday fun. SPX closed at a new high and is likely to see another new high at some point next week. Open Interest: SPY-W: (45 of 59 pins).* Currently the best pin is around 256, but it’s […]
Last week here I showed the open interest for both Wednesday and Friday expiration and wrote that after two closes over the high calls it was likely that SPX would take some time to consolidate and was unlikely to close over the high calls again. SPX consolidated in a very strong tight range and indeed […]
Last week here I wrote about the high calls for both the Wednesday and Friday SPY expirations. I wrote that if price were to open or get above them NOT to fight it and that it could even push price up faster due to delta hedging. If you are going to use the open interest […]
Last week here I showed the high open interest calls on SPY that could act as resistance. For Wednesday the calls were a bit of a deterrent to price and SPY did pin. Throughout the week the SPY Friday open interest that started with lots of high calls were met with many high puts and […]
Last week here I gave the basic SPY call and put parameters. Both Wednesday and Friday SPY did what it does best….pinned. Onto next week: Open Interest: SPY-W: (43/54 since Wednesday expiration inception).* The current best pin is between 249.5 and 250, but can easily change if there is decent price movement early in the week. […]
Last week here I showed where there would likely be call resistance on SPY prior to expiration. At the start of the week SPY blew through the high call resistance with strong breadth and never looked back. It was one of the first times in a while SPY was able to make such a leap […]
Last week here I suggested that both the Wednesday and Friday SPY open interest supported a rangebound week. That came to fruition and there really only was one good opportunity which came Tuesday when SPY fell below two levels of high puts. Knowing where the likely pin would be Wednesday, combined with technical support levels, […]
I’m back and here is your SPY open interest for next week. If you want the real goods you should subscribe below. SPY-W: (41 of 51 pins since Wednesday expiration inception).* The current best pin is clearly 247. There is also more puts at that strike than calls making it pretty good support coupled with the […]
Last week here I showed both the SPY Wednesday and Friday expiration. I pointed out the very good put support for Wednesday and the call resistance (248). I also pointed out that there was pretty much no put support for Friday. If you weren’t suspicious of the Tuesday morning up move (which blew through the […]
Last week here I displayed the SPY open interest for Wednesday and Friday. The Wednesday expiration pinned where I described the best pin to be. The Friday expiration changed mid-week, which I posted to twitter since the change was fairly significant and changed the odds of where Friday would close. Indeed Friday also resulted in a […]
Last week here I gave you the SPY parameters for both Wednesday and Friday (and updated them over twitter). What you did with them I have no idea, but they worked well (see below for last weeks pin information). For newbies to open interest, knowing where SPY won’t go is often just as valuable as […]
Last week here I gave the SPY open interest range and also wrote that based on last Friday’s close higher prices were likely coming. I clearly laid out where there was put support and where there was call resistance – both got hit and rejected price. Knowing where SPY can go and will likely fail is […]
Last week here I stated the open interest favored higher prices and was “notably bullish.” I showed that there were no calls in the way of making new highs, something that doesn’t happen very often. And now here we are at all time highs. Open Interest: SPY-W: SPY-W: (36 of 44 pins since Wednesday expiration inception).* The current […]
It’s been a couple of weeks since I’ve posted, but in the meantime I have tweeted the weekly open interest for SPY charts and continue to keep track of them which you can view at the bottom. Open Interest: SPY-W: (35 of 43 pins since Wednesday expiration inception). Taken at face value this open interest is bullish […]
I’ve been on vacation for a bit, but I just got back so here is a very quick post for next week. Open Interest: SPY-W: (33 of 41 pins since Wednesday expiration inception).* This open interest is more bullish and currently suggests a pin of 234 to 244. With that said, there is very little call resistance […]
Last week here in the summary of my post I wrote: “In Sum, the grind higher is likely to continue in SPY; however, a pullback into support is possible and also a buying opportunity if it happens toward the beginning of the week…..“. This was available for anyone to read and was a HUGE trade […]
Two weeks ago here, I wrote that if the SPX gaps filled it was a good buying opportunity. Then last week here, I wrote that the market would likely grind higher once again and possibly break new highs after the Wednesday SPY expiration. Yes, yes and yes! Open Interest: SPY-W: (29 of 37 pins since Wednesday […]
Last week here I discussed that it would be difficult for SPY to stay over 240 based on the open interest for both Wednesday and Friday expiration. I also said that if SPY took out the lows from the previous week that it may be headed for both it’s gap fills and added that it was […]
Last week here I said SPX was likely to make a new high – Check ✅ (albeit by a very small amount). I also showed that both the Wednesday and Friday open interests had calls stacked at 240. Going into the week I believed that the right set-up existed for bulls to really push SPY over […]
Last week here I said the path of least resistance remained higher and that SPX was likely to make a new high in the coming weeks. I also discussed the heavy call resistance for both Wednesday and Friday’s expiration. In the end, the call resistance did hold SPY back for most of the week, but the […]
Last week there was no post, but in previous posts, both at the end of March and the beginning of April (see here) I continued to suggest that SPX would likely get to old highs or make new ones before a more meaningful correction took place. That has now been achieved as SPX went within 2 […]
Last week here I discussed that the overall trend was still higher, but that bulls needed to “curb their enthusiasm” as there were a lot of open calls that would act as resistance for both the Wednesday and Friday SPY expiration. I then updated that during the week over twitter with the message that bears should […]
Last week here I summed things up with: “Currently, the market is near or already oversold and likely to bounce soon if that has not already begun late Friday. Should price immediately go lower it will become even more oversold and not a place to initiate shorts.” Furthermore, I discussed that the open interest suggested that the […]
Last week here I wrote that the path of least resistance remained higher despite the possibility of remaining in a range. Importantly, I showed the Wednesday open interest and suggested that pullbacks to or under 237 would likely be bought. Thus, the pullback early in the week provided an excellent opportunity to get long into Wednesday. Below you […]
Last week here I made the case for a likely pullback/pause. Indeed, the market did pullback, but by the end of the week recovered some of its losses to close 10 points lower than last Friday. Next week is Quad witching/OPEX, which tends to have a bullish bias. Although I do think it’s possible for SPX to […]
Last week here I stated “there is no reason not to expect another new high to be made as the edge continues to reside with the bulls.” That worked out nicely and I am now making a similar statement regarding next week. There is one wild card that can derail the bull run (namely Trump addressing Congress […]
Investopedia defines maxpain as: the point at which options expire worthless. The term, max pain, stems from the Maximum Pain theory, which states that most traders who buy and hold options contracts until expiration will lose money. According to the theory, this is due to the tendency for the price of a underlying stock to […]
The increase in weekly options has caught the attention of many traders as a potentially quick way to make money without the larger premiums coupled with monthly options. Many people are already familiar with and use maxpain as a way to gauge what the price of a stock may be at the close on Friday expiration. Knowing […]
SPY Open Interest Week 1/14/19
Last weekend to take advantage of this offer: 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 […]
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