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Last week was great. We didn’t make too many trades, but we had some real monster winners in some of the ones we did take. Typically the week after OPEX tends to be slower so lets keep that in mind with regard to how much we want to trade next week. Breadth: SPX stocks at […]
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Purchase access here Please note that open interest often changes during the week when a stock has a big move. This provides a great starting point, but it would be up to you to continue to track it throughout the week if you are trading one of these names. If it’s an earnings name, the chart will […]
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Last week here I discussed that there were more puts in the open interest and that if price could stay over them then there was a lot of room higher. I discussed that 266 was a bit of an inflection point which is right where price stalled on both Monday and Tuesday. Once it cleared […]
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Purchase access here Please note that open interest often changes during the week when a stock has a big move. This provides a great starting point, but it would be up to you to continue to track it throughout the week if you are trading one of these names. If it’s an earnings name, the chart will […]
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Sassy Options by Rachel Shasha - 1w ago

Last week here I showed the SPY open interest which had lots of puts lined up, but with price underneath many of them. I said we would likely see changes to the open interest as the week pborgress and we certainly did. As the week progressed the puts kept growing. Every day that we couldn’t hold […]
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Purchase access here Please note that open interest often changes during the week when a stock has a big move. This provides a great starting point, but it would be up to you to continue to track it throughout the week if you are trading one of these names. If it’s an earnings name, the chart will […]
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The market finally corrected with a decent washout along with it. After a market that has gone straight up for over a year that was probably a disaster for most peoples accounts; luckily we managed well by keeping our exposure very minimal while breadth kept signaling overbought. Now with plenty of cash from the money […]
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Despite the market being at highs, things have no doubt slowed down, which is why our trading has slowed down. Our activity needs to be in sync with the overall activity in the market environment and given how things have become overbought we may again see a slower market next week. However, because earnings are […]
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Last week here I showed there was SPY put support at 181 and mentioned that a good buy the dip point would be around 182 to 183. That was clearly the wrong call as price pushed through those levels and the 181 puts began to disappear as the week went on. By the end of […]
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Finally after over a month of me showing that we were in overbought territory the market has solidly pulled back from that. I mentioned for weeks that overbought was not a reason to short, but information to keep in the back of our minds so we never got overly long. We did get hurt on […]
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