Zero Dated Options Activity - 3/25/24
Today is a weird start to the week. The table below is an early look at today’s action in SPY Zero Dated and the rest of the week’s options. SPY is at $520.65 at 10:20 a.m. EDT.
Tuesday calls are very inexpensive with no belief that the S&P 500 and SPY are going anywhere. Remember a 1% move is now a $5 move in SPY which would take us to $526ish. Same for Wednesday. Then Thursday becomes expensive.
That is interesting as it is the last day of the week. Meltup into Good Friday? Puts on the other hand are also super cheap under $520, even for Thursday. We hope this finds you well and gets you thinking about this week’s action.