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#1 redfoliage2

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Posted 11 November 2020 - 11:04 AM

Looking good for Nov OpEx next week ...............


Edited by redfoliage2, 11 November 2020 - 11:05 AM.


#2 12SPX

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Posted 12 November 2020 - 08:54 AM

As I understand it its supposed to be opposite what happens so that would mean a down week.  I've been tracking it for a bit now and that doesn't seem to be the case as its all over the place.  It may not have the same signifagance now as more and more options are out there than used to be.  



#3 traderx

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Posted 12 November 2020 - 09:31 AM

Max pain !



#4 redfoliage2

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Posted 12 November 2020 - 11:52 AM

Max pain !

Max Pain for SPY at 339

For QQQ at 284



#5 CHAx

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Posted 12 November 2020 - 12:13 PM

I thought WWW was the Wednesday of options expiration which is next week?  Please correct me if I am wrong.



#6 Bernie

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Posted 12 November 2020 - 12:22 PM

wednesday before always has been.



#7 redfoliage2

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Posted 12 November 2020 - 01:04 PM

I thought WWW was the Wednesday of options expiration which is next week?  Please correct me if I am wrong.


Its in the week just before the monthly OpEx week.

#8 12SPX

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Posted 12 November 2020 - 08:32 PM

The chiefs indicator is based off of the old option pattern that we've both been following for decades of when options expired the third Friday of each month.  They are still the most traded options strangely, lotsa old folks Im assuiming lol but now with options coming out the ying yang they are getting more and more irrelevant.  I still base my entire expiration cycles off of them to figure where the market will not be third friday to third friday mind you.  My numbers are indicating we could be quite mixed going into next week with a 2-3% swing either way possible which because I'm saying that we'll likely be flat lol!! 



#9 redfoliage2

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Posted 13 November 2020 - 10:14 AM

The street is still hyping on rotation into zombies out of tech winners, and this is not good.  The real problem is the liquidity is drying up .....................


Edited by redfoliage2, 13 November 2020 - 10:23 AM.