SPY gapped down this morning and finished lower with positive divergence.
While SPY went lower, options had interesting activities.
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| OI for 02/05 |
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| SPY Dollar Weighted Volume 02/05 |
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| SPY DWV 02/12 |
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| SPY DWV 02/19 |
As you can see, there were HUGE 02/19 Put sellers today.
That was $14.5M!
Most of those puts were 02/19 190.00. The first big selling occurred from 09:41:46 to 09:45;06, and second wave happened at 10:21:32.
SPY may go down further but those put sellers are betting that SPY would end up at least 190 (minus 2.75 premium) on Feb 19th.
Those charts are captured from
OptionM8 App.
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