SPY 0-DTE this morning:
- Put-side flow dominance confirms participants are willing to pay for downside exposure.
- Risk map : lower friction above spot, higher friction below.
- Current options regime reflects a disconnect between participant positioning and the path of least resistance. $ES $SPX $SPY
Once again, for the past three days, the options regime—both in terms of flow and structure—has been signaling bullish intentions. These conditions continue to present attractive opportunities to buy the market. $ES $SPX $SPY
We have bullish confirmation from the options regime this morning. Both the options flow and the options structure are showing clear and unmistakable bullish intentions. Now, all eyes are on the Fed and what it has in store for the market. So far, everything suggests that market participants have accepted the gap-up move. $ES $SPX $SPY
I closed my short $ES position for a loss. I haven't seen any confirmation from the options regime over the past two sessions to support a bearish move. My bias has shifted back to bullish. $ES $SPX $SPY
I've reassessed my bias following last Friday's session. The option flow and option structure for SPY 0-DTE were both extremely bearish in terms of market intentions. As a result, I am now short $ES for a swing trade, with no specific target at this time.Tomorrow's opening read on both the option flow and the option structure will either confirm my bearish bias or show that my assessment is wrong. $ES $SPX $SPY
The options flow is neutral, with slightly bearish intentions, while the options structure suggests bullish intentions. In this unclear environment, patience is warranted. I’m maintaining my short swing position. $ES $SPX $SPY
Both the options flow and the options structure are showing very slight bullish intentions, though the overall picture remains essentially neutral. This is not surprising given that the Federal Reserve System will announce its interest rate decision tomorrow. $ES $SPX $SPY
I remain bullish with the same target of SPY 752. However, it's important to remember that today's options flow and options structure are not supportive of a sustained market rally. We could see a sell-off into the close, or even a pullback toward the SPY 735–736 area early next week before the bullish trend resumes. $ES $SPX $SPY
Today's price action confirmed the bullish signals that the options regime had been indicating for the past two days. Now let's see what tomorrow brings. $ES $SPX $SPY
https://t.co/vwfmWGRUkn
The options flow and the options structure are both showing bullish intentions this morning. A SPY close above the 734 level would be extremely bullish for the days ahead.
Here is the combined chart (flow and structure) of the SPY 0-DTE as of yesterday. $ES $SPX $SPY
The options flow and the options structure are both showing bullish intentions this morning. A SPY close above the 734 level would be extremely bullish for the days ahead.
Here is the combined chart (flow and structure) of the SPY 0-DTE as of yesterday. $ES $SPX $SPY
The SPY 0-DTE options flow and options structure are bullish this morning. The SPY 732 level remains a very important support for the bulls, as it played a significant role throughout the month of May. $ES $SPX $SPY