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marketaction_live
Apr 10, 2021 9:48 PM

SPY Unusual Activity $6M puts purchased after market close. Short

AMEX:SPY1D
SPDR S&P 500 ETF TRUSTArca

Description

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Continuous 11 Green days for the SPY has placed spy in a Very Extended territory and it is looks ready to let out some steam.

Stochastics are crossing over. We also have a gap to fill down and retest 20 day SMA.

AMEX:SPY Targets 1-2 weeks out $400.70
Consider $405 Puts April 19th

Unusual options activity spotted.
Big puts order flow after market close. About 6M approx. 10,000 contracts @ 5.75 above OI 7,240 June 18th $391 strikes.

Follow more unusual activity signup using my referral link https://marketaction.live/signup?refCode=7lefUdSAA0VZEbY9BEM2pMR1PoL2.

Please comment below your thoughts and your personal target's for SPY into next week.
Trend AnalysisSupport and ResistanceMoving AveragesSPDR S&P 500 ETF (SPY) putsunusualoptionsunusualoptionsactivity
Comments
shkspr
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FYI, Split option trade at 2:33 PM, PUT, 9.5M$, Strike 340$, 06/17/2022. spot price: 409.75
and there are other PUT options, around 1.7m$, for next month
marketaction_live
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You can trade SPY, QQQ, IWM, DIA and some exceptional index ETF options until 4:15pm EST not sure why but that’s just how it is.
marketaction_live
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You can trade spy options 15 mins after market closes.
LetsBeMillionaire
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@diamondguyla, never knew this. I traded option always until 4pm. but these exception was something new. Never tried. Thnaks for heads up.
marketaction_live
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@LetsBeMillionaire if you want to learn more about options feel free to join the discord group. Happy to help out. discord.gg/UeMXcETA
LetsBeMillionaire
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@diamondguyla, thanks. i trade options since 15 yrs but never traded index ETFs so wasnt aware of 4.15 thingy...
LetsBeMillionaire
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how can someone buy puts after market closes? :-)
gsand
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Contracts bought in the last 10 seconds/miliseconds of the trading day show up in unusual order flow some time later.
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