First, this week is the May options expiration. As such, it could be a more volatile week. The most active contract was this
Friday's SPY 275 Call. 65,234 Calls traded. SPY closed at $272.95. This option will be in the money at $275.44. It closed at
$0.44 so there is some work that needs to be done before Friday.
Several Friday SPY Puts are also active, notables include the $273 and $270 strikes.
Further out bets of interest include the June QQQ $180 call. The QQQ closed today at $169.75 so that is a big bet that needs a
bit more than a 10 point move on QQQ to be in the money. Clearly this is a lottery ticket as it closed at $0.21 and traded 35,785 contracts.
We note that March high was $175.71 so that is a big move.