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DowDeva

06/02/20 3:51 PM

#1439 RE: ashy2classy #1438

100K contracts respectively on 306 and 307 SPY calls expiry ending tomorrow and 100K on 306, 305 puts.

Someone is betting a lot of money that the SPY will end up between those strikes tomorrow if they are sell straddles.

DowDeva

06/02/20 4:07 PM

#1441 RE: ashy2classy #1438

It does look a little early on my longer term charts, but you've had good luck with that stock.

Hope you have a strategy if it goes up. Nothing more helpless than watch theta eat away at an option for me.