2016/02/18 SPY Options Wrap Up

SPY was flat today and it was very boring.

SPY 5m

SPY OI 02/19

SPY Dollar Weighted Volume 02/19

Call buyers were active for 02/19 and they need to take profit quickly if SPY goes up tomorrow and that's the way how pinning works. I believe SPY will pin between 192 and 193 tomorrow.

SPY DWV 02/26

SPY Big Options

There were huge 194.5C sellers this morning and we need to keep eyes on those trades. They sold more than 44000x194.5C at $1.25, that means they don't think SPY would up 194.50 by next Friday.

Those charts are captured from OptionM8 App.