February 16, 2019 12:39 PM RSS

Options Update For Monday, May 14th

  • Wall Street Rebel | Geoff Garbacz
  • 05/14/2018 5:17 PM
Options Update For Monday, May 14th
Each day it makes sense to review the most active options contracts. What do we make of today's options actives?

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.

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