kibakilla33

SPY NEW FLOOR/SUPPORT

Long
AMEX:SPY   SPDR S&P 500 ETF TRUST
Based on dark flow it appears market makers are establishing a new support level here through the shorting up IN THE MONEY Puts

I assume these premiums will be rolled out and assist in establishing a short-term floor by rolling the selling pressure into a farther expiration therefore overall reducing sell pressure.

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