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Tag >> options expiration
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SPYders pinned at 87 in last minute move.

Did you see in the last 10/15 minutes of the normal trading day, they moved the SPY down from about 87.50 to right around 87?  Well guess what, there was fairly heavy April SPY Open Interest at the 87 strike.  It was basically the 2nd highest level of open interest near current levels (85 being higher). 

Read More > Posted by Moby Waller | spy, pinning, Options Trading, options expiration, market maker | Comment (2)

Down on better-than-expected earnings.

 
 
Last couple nights we've seen some after-hours selloffs despite better-than-expected earnings. Not a great sign ... however, it still appears likely to me that the S&P 500 will get "pinned" around 850 (85 on the SPYders) on Friday (closed 841.50 today).  There is fairly large April open interest around 85 on the SPY.

Of course, my BigTrends Index Options Timer subscribers can get into and out of market-based trades quickly based on our systemized approach using the SPY Hourly Chart.  Check out the IOT Product page here on the BigTrends website or call 1-800-244-8736 for more information and a track record of the trades in the service.

Read More > Posted by Moby Waller | spy, SPX, S&P 500, options expiration, open interest | Comment (0)

April Index ETF Open Interest

With April Options Expiration fast approaching this Friday, let's take a look at the biggest open interest levels on the major index ETFs:


Read More > Posted by Moby Waller | spy, qqqq, options expiration, open interest, iwm, dia | Comment (0)