vig.io Profile picture
Sep 15, 2020 6 tweets 3 min read Read on X
This Friday is Options Expiration (referred to as OPEX). This is also the quarterly OPEX which is called 'QUAD WITCH'. It can and usually does have an impact on the markets. Here is the current picture for the @StateStreetETFs $SPY ETF for this Friday via our market indicators.
1/ Max Pain for the $SPY for this Friday and a definition of what Max Pain is...
2/ Here is the Open Interest as of this Friday options for $SPY and a definition for Open Interest
3/ Here is the actual executed options trades for this Friday. You can see they form a bell curve. This implies that the market participants have positioned themselves around a pretty specific set of strikes for this Friday's QUAD WITCH OPEX.
To learn more and try out our App for free visit vigtec.io/learn and dive into hundreds of articles on Options trading!

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More from @vigtheapp

Mar 25, 2021
Why is the Russell 2000 getting boot kicked this week?

Well an index is a composition of stocks. Sounds like a dumb answer but let's dig in..
2/ The composition of stocks inside are now eating the index. The #momostock trade has fueled it for months now. However, if you look at our Live Charts flow measurements (volume and money), you can see that price has been rising since December as volume and flow ...
3/ have been collapsing. This is because of the components in the index overwhelming the entire order flow. $IWM has benefited from names like $FCEL and $PENN and $PLUG and $GME.
Read 10 tweets
Nov 19, 2020
Today was a massive mover in GEX readings across the board. Let's explore some in a thread:

1/ $SPY $QQQ $IWM $DIA

All indexes erased some of the most bullish dealer positioning of the year (as of yesterday) completely off the board and all are now negative or neutral! 🤯
2/ $GDX $SLV $GLD

$GDX is in real trouble - GEX is very negative and selling into weakness will persist

$SLV is holding onto the positive reading by a thread here

$GLD is also holding onto the positive reading by a thread here
3/ $TLT

20 year bonds are on the rally - pretty close to busting up and over to a positive GEX and definitely neutral now
@hereforthefin
Read 6 tweets
Sep 18, 2020
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2/ Real time trade tickets and order entries that simulate real brokerage systems - INCLUDING MARGIN!
3/ Real time portfolio allocation analysis and performance tracking. Press play algos that are prebuilt to help you better track your positions. Automated algo alerts that help you stay informed.
Read 5 tweets

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