2016/04/28 SPY Options Wrap Up

Outlook

Although it would be difficult for SPY to close more than 210 tomorrow, SPY would be still in uptrend and could grind up to 212 are next week.

Wrap Up

高所から飛び降りたSPYさんの5分足

SPY started with gap down but it shrugged off the loss, then tanked again and got accelerated after SPY lost VWAP level.

$NYAD

$NYHL

SPY:RSP

The internal wasn't so ugly as SPY and uptrend is still intact.

$SPX CVI

$SPX STVO

$SPX VTO

CVI shows no momentum, STVO suggests good uptrend in near term, and VTO tell us near term consolidation. If you find it's difficult to interpret those conflicting indicators, please consider to download/install my app, OptionM8. You can get option charts like below:

SPY OI 04/29

SPY OI 05/06

SPY DWV 05/06

電池がない　SPY Big Trades 04/29

SPY Big Trades 05/06 Part I

SPY Big Trades 05/06 Part II

From the big trades screen, you can see that someone bought 4000x0429 209.00P just after market close. Buying Puts at breakdown doesn't work most of the time, so we can guess that we are at/near the intermediate bottom today.

Do you remember the trader who bought 15000x0506 208C and 15000x0506209C on 20th? Those are pretty much bullish positions that we should put eyes on it. I guess those traders "know" something about the closing price on next Friday so we should stick on those trades.

2016/04/27 SPY Options Wrap Up

Outlook

We adjusted the target price for this Friday expiration to 210. Yes, a bit bullish.

Wrap Up

SPY 5m

SPY opened flat this morning then tagged yesterday's low. FOMC triggered short squeeze but SPY couldn't hold the high. Volume wasn't great.

$NYAD

$NYHL

SPY:RSP

$NYAD and SPY:RSP ratio suggest small caps are leading the market. 

$SPX CVI

$SPX STVO

$SPX VTO

CVI surged to +1σ and suggests short term overbought. STVO and VTO suggest risk on.

SPY OI 04/22

SPY OI 05/06

SPY DWV 04/29

SPY DWV 05/06

SPY Option Big Trades 04/29

SPY Option Big Trades 05/06

13:27:37 0429 210.00C 49500x0.43 $2,128,500 Below Bid

Somebody sold a big block of 210C before FOMC. If this were STC (Sell to Close), then the 210C wall on OI would be lowered and SPY will lose one big resistance level. Given the momentum as well as internal, SPY will try to exceed 210 by Friday.

2016/04/26 SPY Options Wrap Up

Outlook

SPY would keep consolidating at current level by Friday expiration unless FOMC delivers a surprise or two.

Wrap Up 

SPY 5m

SPY started gap up but rejected at 5SMA level while yesterday's close acted as support. Volume was anemic as investors were waiting for FOMC decision.

$NYAD

$NYHL

SPY:RSP

Back and fill. Rotation between big caps and small caps. The market is waiting for those side lined money while digesting overbought condition at ATH level.

$SPX CVI

$SPX STVO

$SPX VTO

Those CVI, STVO, and VTO suggest consolidation with slightly bearish bias.

SPI OI 04/29

SPY OI 05/06

SPY DWV 04/29

SPY DWV 05/06

SPY Option Big Trades 04/29

SPY Option Big Trades 05/06

Option market was dull as well today.

Now puts are build up on 05/06 expiration. That is a bullish signal for next week.

2016/04/25 SPY Options Wrap Up

Outlook

SPY would be traded in a box range between 207 to 210 through rest of this week.

Wrap Up

SPY 5m

SPY shrugged off early weakness and closed with 0.17% loss. Can we say dull day?

$NYAD

$NYHL

SPY:RSP

$SPX CVI

$SPX STVO

$SPX VTO

CVI turned into negative. STVO and VTO continued to decline. Those indicators suggest consolidation with slightly negative bias.

SPY OI 04/29

SPY OI 05/06

SPY DWV 04/29

SPY DWV 05/06

SPY Option Big Trades 04/29

SPY Option Big Trades 05/06

No big option trades today and SPY 210C/215C walls are still there so are layers of resistance levels.