Using Put/Call Open Interest to Predict the Rest of the Week

Options expire this Friday, so let’s take a look at the open-interest on SPY, DIA, QQQ and IWM to see if they hint at movement the rest of the week. Here’s the theory: the market conspires to cause the most pain, to cause the most number of people to lose the most amount of money. […]

Before the Open (Apr 11)

Good morning. Happy Friday. The Asian/Pacific markets closed mostly down. Japan dropped 2.4%; Hong Kong and Australia nearly 1%. Indonesia rallied 1.1%. Europe is currently down across the board. London, Germany, France, Italy, Spain, Amsterdam, Norway, Stockholm, Switzerland, Prague and Greece are all down more than 1%. Futures here in the States point towards a […]