Zero Dated Options Activity - 3/14/24
Monday was like waterskiing on a lake with no waves, like glass. Tuesday was quite the opposite as the trading range was from a low of $510.88 to a high of $517.38. Wednesday was back to Monday and no action as the range for the day is $515.67 to $517.29 which is $1.62 or 0.30%. Thursday is a replay of Tuesday.
Early in the trading session, SPY traded to a low of $513.35 at 10:00 a.m. EDT. Then SPY rose to a peak of $515.61 at 10:33 a.m. EDT and then began a slow bleed. A new low was hit at $512.76. Then we rallied to $515.19 before starting to fade at 2:00 p.m. EDT.
So there is one Call contract with a value that are in the money from $514 to $518. A close around $514 would make the Zero Dated Options Traders go home happy. The Put side sees eight contracts with two in the money. Not a good day for those that sold the $516 puts.