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Actionable news in QQQ: PowerShares QQQ Trust, Series 1,

Your Open Interest Road Map to Next Week

Last week here I displayed the SPY open interest for Wednesday and Friday. The Wednesday expiration pinned where I described the best pin to be. The Friday expiration changed mid-week, which I posted to twitter since the change was fairly significant and changed the odds of where Friday would close. Indeed Friday also resulted in a pin. See the bottom of this post for both graphs.

Open Interest:

SPY-W: (38 of 47 pins since Wednesday expiration inception).* This open interest is pretty straightforward at the moment. The current best pin is 247 with a lot of put support at 245 and 246 which was some type of spread put on Friday. I don’t know the persons...