Big Market Swings Indicate Buyers and Sellers Are Active - Great For Day Trading

One Option Trading Blog http://ift.tt/2cshsbk Posted 9:30 AM - Yesterday the market bounced and once the momentum was established quadruple witching fueled the rally. These big swings each day indicate that buyers and sellers are engaged. All of the expiration related adjustments have been made and this should be a relatively quiet day. I am expecting a couple of long loping moves today. The downside will be tested early and the market should recover. If you add up all of the open interest on SPY options you can calculate where the maximum number of contracts will expire worthless. That number is known as Max Pain (option …