SInce last looking at the SPY options chain, there's very large open interest at $140 calls, almost 300k contracts, at $140 puts the interest is at 244k , it would seem a close in the $139 area may look more likely, of course all of this can change as contracts are closed today. I would still be looking to short strength.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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