Morning preview 2016/12/22

This is the review for the second half of this week. Yes, we hate Wednesday expirations!

From this OI chart, I would say most of the big positions were closed, therefore we should expect quiet expiration this Friday. The only exception would be SPY 225C which is net long.

The daily chart of 225C shows the current price is just above VWAP, so we can expect profit taking above this area. The consolidation continues, I guess.

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