timwest

SP500 S&P500 ETF - SPY - Daily - Options Expiration Levels

AMEX:SPY   SPDR S&P 500 ETF
311 6 8
I find that options expiration levels provide useful reference points for future market reaction due to the "market memory" of the expiration level. Because hedgers, speculators and traders all close out their positions by expiration, the level becomes a natural "oasis" for trading once the market returns to that level.

196 is a big level where 2 months had expirations.

Tim 9/29/2014

(Pretend you don't see the 8/22 incorrect triangle&line, the actual expiration is 8/15)
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timwest PRO
2 years ago
Corrected version.
snapshot
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Muscle memory around 194 - 195
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2use QuantitativeExhaustion
2 years ago
+1 on that one
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timwest PRO 2use
2 years ago
Thanks 2use.
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elcololp timwest
2 years ago
What do you think about PBR now?
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Thank you Tim! As I said on one of these charts before, it's a pity traders around here don't pay attention to it. According to your chart, if the market falls below 195, there will be some trouble...I keep a tiny short position, but I hope that we will have some kind of small rally or sideways movement for a while.
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