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kibakilla33
Jun 8, 2023 6:41 PM

SPY NEW FLOOR/SUPPORT Long

SPDR S&P 500 ETF TRUSTArca

Description

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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