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.
They are shorting shares and offloading their risk by selling puts against their shorts on deep ITM puts that will lose intrinsic value equal to shorted shares offsetting risk by allowing for higher points to cover.
GS looks to be regaining an uptrend as seen from the crosses on my premium indicator. Also, it caught out of the bottom, this could see a lot of upsides.
I assume we consolidate in order to burn up some of that over-extended bullish premium. Gamma is tight to the upside and so far we have maintained the bullish premium trend so unless gamma flips or premiums become heavily sided on the side of puts I don't see why we don't test 430 by EOD.
Apple looks to be finding a floor Spy futures are at a demand zone wouldn't be surprised if we pump out of this 410 hole on SPY.
Futures for Spy Mini look to be in a demand zone and 2:00 p.m. minute being released. Believe they are collecting put premiums until 2:00 and possibly full reversal inbound. Gamma exposure past 410 is not ideal for lower moves. Also, some heat was seen on the 413 call strike which could be foreshadowing. Definitely should have played puts to the downside at...
Spy likely eat up 418 419 call premiums w/ underlying deep in the money calls open will raise up the stock then bombs away back down to 417 to range between 417 and 418.
SPY to 419 expecting them to short 420 puts therefore would likely put it in the money first
Beartrap building downside momentum at 411.5 just to mass sell 413 puts into the market making spy jump then likely sell calls into market We are in a bit of a buy zone, although the top of the buy zone is still a buy zone.
Looking to buy puts to what looks like a lowered block sell limit. Previous 413.7 fewer points look to be filled and the block is being lowered to 412.85 fills. Looking for 413 puts at 412.85-413.7 level for rejection. We are currently in a sort of price discovery since we are below yesterday's close and yesterday had an extremely low bottom that could be...
Pressure pushed to 412 premiums once enough are sold although lower premium it can be capitalized off of before mitigating downside risk.
5/3/2023 MM wait until 3 so people in the money get closed out and then 412 take off to 414
We should not begin to retrace to the upside after MM capitalized off the theta inflation to the downside.
I assume this gap down in the premarket is a setup for a move toward 412. The soft touch of 410.5 is the reason for this assumption, indicative of a specific strategy by market makers. Earnings coming up, still bearish towards earnings, I'd assume everyone's net income comes down, however, if this is now assumed by the market and tech posts a surprise, we could...
Expecting a sub-165 pull on apple. Net income from tesla looks to indicate what we'll see with earnings for other companies, especially apple which sells their phones on payment plans and borrowing money is becoming way more expensive.
Similar to yesterday's price action I expect a move to the upside to close puts opened yesterday, expecting a push directly to 413 top instead of yesterday's 413.5 push which was almost on the dot, we topped at 413.7 ish, maybe we top 413.2 today but still significant thought towards a dump and a hard one at that. Believe I'll likely wait until we reach the top...
I just really wanted to post a chart with apple slipping on a banana peel b4 the drop
Now a spy is directing to the downside. We see volume in Apple, which I believe is indicative that to soften the fall to the downside by SPY, resources are directed to Apple.