Typical OPEX Manipulation

Typical OPEX Manipulation

Typical options expiration manipulation. I'm expecting a SPY close at 107 or 108, with a preference for 108. Currently there are about 4 times more people holding 107 and 108 put positions than 107 and 108 call positions, so the bigger payday is to hose the 108 put holders. Apparently SPY is triangulating and set to break to the upside, however this is opex and they can paint a triangle on purpose to lure in more call buyers and then sell off from here as well. If SPY gets to 108.3 again then I will buy more puts, and I'm fairly confident it will.

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