Spy Pin 107

[ForexForex]

Quote from volente_00:

Yep spy option open interest is useless for predicting the range. ]

So you can predict a range within plus or minus 2.5% on the SPY 5 days out. And you are correct 80% of the time? For an ETF that doesn't seem like such a great accomplishment. I must be missing something.



--------------

 

[atticus]

No he can't. He's an idiot clinging to lunar cycles and pinning. OI is of no predictive value.

 

[volente_00]

Quote from ForexForex:

So you can predict a range within plus or minus 2.5% on the SPY 5 days out. And you are correct 80% of the time? For an ETF that doesn't seem like such a great accomplishment. I must be missing something.



--------------

I think you missed this part of the post.


Being september


Since when do September SPY options expire in August ?

 

[dagnyt]

Quote from KINGOFSHORTS:

You can sell them 107 puts and take advantage of rapid time decay and pin. Collect a 30-34 cent premium

Strong Demand for closing transactions, SPY will close to pin 107 over a few pennies.

What you really get to take advantage of is the huge negative gamma and the possibility of losing your shirt.

Mark

 

[volente_00]

Quote from volente_00:

As of right now the 107 sept spy put is fetching nearly 3 for time alone. It's still early but this tells me that a rough range of 104 to 110 is very probably til next expiration.

We were trading 107.5 spy when posted.




Since then we have traded 104.29 to 108.57






Yep there is no value in spy option interest

 

[volente_00]

Is 109.53 close enough to 110 for you atticus ?


:eek:

 

[volente_00]

11/9/10

Quote from volente_00:

118 - 123


magnet 120