Things look so bearish to me that i always wonder what the bullish view could be, if any.
- So far price action Q3-Q4 '15 seems very similar to '14. The only problem is that no new all time high is set after the correction ended.
- Max pain Monthly opex is at 207 (see www.optionistics.com...quotes/strike-pegger)
- Open interest as of today stands 8m calls to 14.7m puts (See www.optionistic...f/open_interest?op=highoi&...)
I'm not playing this and i don't have any positions currently in SPY. I'm also very much aware of all the bearish signals, one being a possible head and shoulders multi-year top with the right shoulder developing.
- So far price action Q3-Q4 '15 seems very similar to '14. The only problem is that no new all time high is set after the correction ended.
- Max pain Monthly opex is at 207 (see www.optionistics.com...quotes/strike-pegger)
- Open interest as of today stands 8m calls to 14.7m puts (See www.optionistic...f/open_interest?op=highoi&...)
I'm not playing this and i don't have any positions currently in SPY. I'm also very much aware of all the bearish signals, one being a possible head and shoulders multi-year top with the right shoulder developing.
