Mid term SPY options flow and analysis going into 2021
As of today, these are options premiums in SPY with strikes and direction. Anticipating a 50-100point pullback in 1st week of Jan, followed by a massive bull run into March End or April 1st week.
Targets are 4300-4310 and 4600-4610 based on fibs. Later is not impossible but lesser probability.
All my longs from stocks are valid until these targets. Once 4300 is reached, I would take profits in all my longs.
FED rates being increased might be a catalyst for major pullback after March/April.
4/16/2021 385.0 CALL 98.26M
4/16/2021 325.0 CALL 37.29M
6/18/2021 350.0 PUT 28.75M
1/8/2021 366.0 PUT 6.37M
12/31/2020 372.0 PUT 4.72M
Targets are 4300-4310 and 4600-4610 based on fibs. Later is not impossible but lesser probability.
All my longs from stocks are valid until these targets. Once 4300 is reached, I would take profits in all my longs.
FED rates being increased might be a catalyst for major pullback after March/April.
4/16/2021 385.0 CALL 98.26M
4/16/2021 325.0 CALL 37.29M
6/18/2021 350.0 PUT 28.75M
1/8/2021 366.0 PUT 6.37M
12/31/2020 372.0 PUT 4.72M
Comment:
Columns- Expiry | Strike | Direction | Premiums till date