Overview
SPY is testing 5SMA level as support.
Notice the volume spike at the close. We think this is a bullish development.
SPY Options
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SPY OI 03/11 |
There were huge 198.50C buying yesterday but it looks like that trade was BTC of call seller. Now OI is skewed to put side and 198 will work as support.
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SPY DWV 03/11 |
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SPY DWV 03/18 |
We don't see any edge in Dollar Weighted Volume today.
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