Replies to post #192576 on SPDR S&P 500 (SPY)

[Mma20]

As for spy j don't care which way it goes .. I played de puts today made loot played xbi calls made loot .. If j saw spy paper I would go that way .. But spy itself just helps
With the move of these stocks


I follow paper not volume.. Spy going to go to 2100 quick styles

[GuTA]

I've made money on calls and puts all along the way and have made no "bear market is here" comments.

But saying big money is flowing into etfs isn't really supported by a few trades. Sure $2m bet may seem like a lot, but that's not "big money at work". Large option trades are made for multiple reasons. Not just simply a bet for higher prices.

You can say "throw away the chart", but QQQ closed right at resistance overhead today and saw a 600k+ ($66,000,000) sell before the bell which was its largest of the day by far, then a 500k ($55,000,000) sell after hours, followed by a 1m+ share ($110,000,000) sell. That's $220m over 3 red 1 min candles. If you want to follow $2m then you have to acknowledge the $220 on the other side. Heck, $2m could have been someone replacing QQQ underlying they sold

Again, if it works for you use it. I just can't agree with the logic.Which is fine. We can disagree.