TheOhioAviator t1_ix5v3i4 wrote on November 20, 2022 at 11:50 PM

Reply to comment by MayoLovinApe in To the ones that swing trade spy calls or puts or get massive huge gains by [deleted]

Also. For example. Nov 10th, I'm buying 11/18 options. So are most traders. By 11/15 traders have rolled and migrated to the 11/25 options. From 11/18 to 11/25 that's 7 DTE exactly.

MayoLovinApe t1_ix5vcid wrote on November 20, 2022 at 11:52 PM

Sweet good looks. Ill write that down. Try to avoid trading on weeks that monthlys expire. I noticed the market ranges mostly

TheOhioAviator t1_ix5wi9j wrote on November 21, 2022 at 12:01 AM

Hey IMO depending on which contracts you're talking about when those monthly futures expirations come up, you might want to watch the markets, you'll find the market will love what traders are buying after, moves markets, when them bad boys come up, you can see a change of heart, bullish tendencies or bearish, adds to long term movement IMO.

TheOhioAviator t1_ix5vhly wrote on November 20, 2022 at 11:53 PM

Check it out on your platform, look at the chains 1 week out and see the options volume and OI, the difference even between them and the ones that expire tomorrow. You will see SPY options 1 week DTE with over 100k OI trading 30k volume. Those are the contracts to be on. View the theta and delta for both 1 week DTE and one that expires tomorrow. You'll see why you can't trade 1-3 DTE. It's just not "safe" IMO