Zero Dated Options Activity -3/26/24
Well yesterday’s comments about narrow action continue to play out today. Early strength faded on rumors that the Baltimore bridge accident was tied to Houthi rebel which is just wrong but was floated.
Today only SPY 521 and 522 Calls have traded more than 100,000 contracts. On the put side, only the 519, 520 and 521 Zero Dated Options have trade above 100,000 contracts. With an hour to go SPY is at $520.71.
Expect quiet action to continue into Thursday unless out of no where we get some window dressing into quarter end.