Friday, September 16, 2011

Guess the OP-EX Pin????

I just looked at the SPY options chain and the pin that looked like $120 has shifted, here are the calls and puts.

Calls
There's decent open Interest at $121.00 and $122.00


PUTS
Here the Open Interest is $120 and $122. So the two most likely areas would be $120 and $122. I'm guessing around $120 with some volatile chop.

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