2016/01/29 SPY Options Wrap Up

What a week! We saw a lot of Big Call buyers and finally the market broke out on Friday.

I've seen this picture b4. Someone bought 30000 0129 $SPY 190.00C @ $0.82. This is a $2.46M bet. pic.twitter.com/KX6x3RNU3b

— Option M8 (@OptionM8) January 27, 2016

The above trader would have earned $924M, if he sold it Friday's close...

Let's see how the big option traders played on Friday.

 The chart above is SPY's Dollar Weighted Volume for 20160129 expiration. The blue line is Call Below Bid, which means Call Selling.  I guess most of them are profit taking.

Next chart is SPY's DWV for 20160205, which means coming week. There was big call buying in the morning, but those are sold for profit taking as well.

The OI for next week is a bit skewed to Call side and I think this is bullish, the market needs to digest Friday's gain first, though.

Those charts are captured from OptionM8 App.

2016/01/28 SPY Options Wrap Up

SPY OI 2016/01/29

 Max pain would be 190.

SPY and Dollar Weighted Volume

 Call buyers outpaced Put buyers.

SPY Options Big Trade

Note the call buyer at 16:14:39. He/she bought $200k of SPY OTM calls that expires tomorrow.

I expect bullish action tomorrow.