Replies to post #379986 on SPDR S&P 500 (SPY)

[imiloa]

yeah, UVXY's mostly sideways all day.
SPY just tagged new HOD
but the volume of the rally was low.

which could mean bots want SPY higher today.
but i suspect bots would favor the 472 max pain
to flush call options.

time will tell.
if SPY doesn't sell off soon,
i'll close puts to cut losses
before theta erodes pricing later in the day.

[imiloa]

fwiw, UVXY new HOD now.
still low vol rally,
but strong spike upward,
in step with steep SPY selloff.
time will tell how it plays out.

edit: SPY now back down to retest 473.4 S
which maps to the SPY dsma20 and dsma10 today.

a break under 473.4 to new LOD
could continue downward.

a sustained bounce here could mean bots/bulls will control the day,
in which case, i'll exit puts, which are suddenly green again (for now...)