Replies to post #103943 on SPDR S&P 500 (SPY)

[Neutral Man]

Jet-Set-Dude... OE (Option Expiration), implies just dat, a Option Expiration, hence, the OE Pivot is the CLOSE-ing price on said Option Expiration.

The Q Options expire on the Third Friday of every month, therefore, we take the CLOSE-ing price on said Friday and you have the OE Pivot.

Q's closed at 44.84 on 21May and we use said number as the JunOE Pivot so we can discern movement above and below said pivot in increments of 1.25%

47.08 5.00%
46.52 3.75%
45.96 2.50%
45.40 1.25%

44.84 0.00% JunOE Pivot

44.28 -1.25%
43.72 -2.50%
43.16 -3.75%
42.60 -5.00%

We post a lot about hte YTD OE Pivot which is nuttin more then the CLOSE-ing price on the third Friday of December, in the Q's case it's 44.46 and since it's a Yearly Pivot we'll use increments of 2.50%!

53.35 20.00%
52.24 17.50%
51.13 15.00%
50.02 12.50%
48.91 10.00%
47.79 7.50%
46.68 5.00%
45.57 2.50%

44.46 0.00% YTD OE Pivot

43.35 -2.50%
42.24 -5.00%
41.13 -7.50%
40.01 -10.00%
38.90 -12.50%
37.79 -15.00%
36.68 -17.50%
35.57 -20.00%


We also use daily and weekly pivots as well since the alignment of many pivots can be a powerful thing, or NOT!?

Hope this helps................