Option Open Interest Confirguration

It’s always important to look at option open interest configuration. For April options on the SPY you can see that there are a lot more Puts being bought than calls. In addition, the overlay of both Puts and Calls suggests that the market will likely close right around $115 as of now. You have to remember that the markets will try to cause the most pain for option buyser (i.e. fall into an area where most options expire worthless). All the more reason to sell options with us I guess! Just another quick plug for our great trading system.