SPDR S&P 500 (SPY)

[farooq]

NM,
If DA BOYS want really cheap supply they will let it expire to 47, getting more supply and creating more bears looking for near Gap fill and then taking it to 51 for 10% gain, they sold these puts for about a Buck mostly so in reality they are taking no loss.

By doing this they will expire 600K+ calls worthless.

I am just thinking loud.

As usual you bring new way to look at picture, your action look like looking at this picture. LOL.

Farooq

Edit: open Interest as of yesterday closing is 275318 for 50, 49, 48 total puts. 47 has 274603 puts open, so It make more sense, your number are wrong.