- So far price action Q3-Q4 '15 seems very similar to '14. The only problem is that no new all time high is set after the correction ended.
- Max pain Monthly opex is at 207 (see http://www.optionistics.com/quotes/strike-pegger)
- Open interest as of today stands 8m calls to 14.7m puts (See http://www.optionistics.com/f/open_interest?op=highoi&bystk=stk)
I'm not playing this and i don't have any positions currently in SPY . I'm also very much aware of all the signals, one being a possible multi-year top with the right shoulder developing.