SPY had flat open today and kept grinding up with weak negative divergence.
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| SPY 5m |
In SPY options space, calls were strongly bought.
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| SPY OI 03/04 |
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| SPY DWV 03/04 |
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| SPY DWV 03/11 |
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| SPY Big Trades 03/04 |
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| SPY Big Trades 03/11 |
Can you see a big trades at 09:39:56 that bought 03/04 SPY 195.00C? The volume was 29550 and trade amount was $10,047,000!!
The wisdom said "Never buy calls at breakout level" but I would like to stay focusing on this position because it has just three days to expire and it was single bold ITM trade. Maybe someone somehow knew non firm payroll?
Happy trading!
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