SPY - Weekly options expiration and price action

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Continuing the theme of my most recent post, here is an examilation of SPY's price action into weekly options expiration. Today's price action in the popular ETF , SPY is quite understandable if you look at it from a derivatives perspective. Since the advent of weekly expiration options, one can get a reasonable idea of where institutions want prices to end up at 11:00 AM pst three out of the four Friday's of each month (monthly expiration has a game plan of its own). Today, SPY finished at exactly $186.99 on the 11AM bar... As with USO's action, do you think SPY's action was a mere coincidence???

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