2016/02/19 SPY Options Wrap Up

SPY Open Interest 02/26

SPY Dollar Weighted Volume 02/26

OI is skewed to call side this coming week. As we pointed out on Thursday,  there were huge call selling specifically 194.50C and 195.50C and those area could be the first resistance, however, I think this resistance could get broken to the upside.

SPY 194.50 is the February high, 50SMA level, and SPY 195 is half point between December high and February low. It's logical level for bears to set as reversal level but I think it's too obvious.