kibakilla33

6/9 SPY will open higher

Long
AMEX:SPY   SPDR S&P 500 ETF TRUST
Due to the immense amount of 430 put premium expiring on Friday, I assume we open higher due to the depreciation felt on 430 puts overnight. This loss of premium will indicate a loss in delta, lowering the necessary shorted shares and in case creating buying pressure instead.

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