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UnknownUnicorn121770
Dec 12, 2015 5:02 PM
SPY The bullish case maybe no one is seeing
Long
AMEX:SPY
1D
SPDR S&P 500 ETF TRUST
Arca
Description
⋅
Dec 12, 2015 5:02 PM
Things look so bearish to me that i always wonder what the bullish view could be, if any.
- 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
optionistics.com/quotes/strike-pegger)
- Open interest as of today stands 8m calls to 14.7m puts (See
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 bearish signals, one being a possible head and shoulders multi-year top with the right shoulder developing.
SPDR S&P 500 ETF (SPY)
Comments
rgatling
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Dec 12, 2015 5:04 PM
Good job looking at both sides of the opportunity. No position here, either.
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