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Mar 9, 2016

2016/03/08 SPY Options Wrap Up

Overview

SPY is testing 5SMA level as support.

Notice the volume spike at the close. We think this is a bullish development.

SPY Options
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.

SPY DWV 03/11

SPY DWV 03/18
We don't see any edge in Dollar Weighted Volume today. 

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