timwest

SP500 - SPY - Daily -Options Expiration Levels Have Been Helpful

AMEX:SPY   SPDR S&P 500 ETF
478 1 9
REPUBLISH from September 29th (See Link Below):

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.

Tim

(Only plotting 3rd Friday of the Month Expirations: Not weekly options or Month-End/Quarter-End Options)
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Thank you!
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