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Feb 9, 2016

2016/02/08 SPY Options Wrap Up

SPY gapped down (again) and sold off (again) this morning but rebounded in last hour.
SPY 5min
There was positive divergence and second dip was a good spot to buy, if you were a quick day trader. Now the gap is on the radar then 5SMA is the next target.
SPY OI 02/12
SPY DWV 02/12
SPY DWV 02/19

Those 183P and 185P were rejected today and it would be rational to test 190C and 191C by the end of this week.


Those charts are captured from OptionM8 App.

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