Expiration Friday trading

The reason it caught my attention is that only night before I came across an article very similar - in this case it was not in relation to Friday expiration, but market bias using OI data.

Again, the atm strike was used, going 1 month out to see the difference in put/call OI values.

What is your take on this OG?

J_S
 
Wait, so am I getting a bet or not? We can restrike here, of course as long as the two ranges are 20 cent wide :)
 
As per OG - correct me if I am wrong?

Spy @ close 209.53

Strike = 209.50

Call = (B)0.77 x (A)0.78
Put = (B)0.61 x (A)0.64

Strangle Buy = 0.78+0.64 = 1.42

Strangle Sell = 0.77+0.61 = 1.38

Target High = 209.53 + 1.42 = 210.95

Target Low = 209.53 - 1.38 = 208.15

Mid = 209.55

Range = 2.80

Today's Range = 2.02

J_S
 
There is no way we are finishing at the target high as of now!

SPY will finish tomorrow at or very close to 208.50 - but could change tomorrow if there is heavy option trading (reduction in OI) on the 209 & 210 calls!

It will be interesting to see what actually transpires!

J_S
 
The SPX could finish at 2095 - I prefer to watch the SPX as opposed to SPY, but it depends on size of OI on both.

This could mean 209.50 on SPY?

Time will tell - maybe both of us will be wrong:rolleyes:

J_S
 
SPX @ close = 2097.69

2095

Call = 9.10 x 9.50
Put = 4.90 x 5.50

Straddle Buy = 15.00
Straddle Sell = 14.00

T.High = 2112.69
T.Low = 2083.69


2100

Call = 6.10 x 6.60
Put = 6.70 x 7.30

Straddle Buy = 13.90
Straddle Sell = 12.80


T.High = 2111.59
T.Low = 2084.89

Which strike do you use for SPX?

These are very close to OG's first post about SPY, if we divide by 10 and give or take a dime (10 cent)!

As per OG.

"Long story short - This Friday the SPY will close at $211.61 OR $208.39, give or take a dime"

J_S
 
Last edited:
OptionGuru said:
UPDATE BEFORE EXPIRY

  • SPY at $209.53
  • Friday's (July 8, 2016) close $211.61 OR $208.39, give or take a dime.


:)
More...

What about my details for SPY above at today's close - why do you not change the targets as per my figures?

J_S
 
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