0.62Open0.85Pre Close28.39K Volume4.88K Open Interest601.00Strike Price1.06MTurnover29.28%IV0.84%PremiumDec 18, 2024Expiry Date0.00Intrinsic Value100Multiplier0DDays to Expiry0.14Extrinsic Value100Contract SizeAmericanOptions Type-0.1025Delta0.0499Gamma4178.83Leverage Ratio-2.1064Theta-0.0002Rho-428.24Eff Leverage0.0218Vega
SPDR S&P 500 ETF Stock Discussion
How about some cheap PUT 603
Above $5.76 fibb level and we see $6.41. GAMMA SQUEEZING!
The best part? $6.00 is exactly where the weekly scale resistance is. $6.00 + could see fireworks
The best way to play this is something like 1/17/25 expiration, $6.00...
Best of luck Cool Cats, and God bless!
Why the sudden drop though? Does someone know?
There is currently a more than 95% chance of the Fed cutting rates by 25 basis points.
If this materialises, it will be the Fed's 3rd rate cut of the year (a total of 100 bps)
But, the war against inflation isn’t over yet. All 3 inflation indicators, CPI, PPI, and PCE, are rising again.
The Fed has to tread carefully in 2025.
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