Things To Watch Ahead Of Expiration

By that same logic, I would keep an eye on the 420 level in SPY tomorrow. Unlike SPX Index options that expire on the open, ETFs like SPY expire on the close. The open interest on the 420 line is over 150,000 contracts today, which is far above any other pair of strikes that expire tomorrow. The lack of concentration below that level means that pullbacks tomorrow afternoon would have no natural strike level for support – at least as of now.

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Disclosure: The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the ...

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