This is a SPY long trade based on a bullish reversal near it’s YTD anchor weighted VWAP, TTCATR VWMA20 support and Fib TSI signals. Plus, options data shows market participants offsides hedging into support.
3:1 Trade:
long = 424.78
stop = 420.08
profit = 438.89
TTC ATR:
resistance = 453
VWMA20 = 439
support = 425
YTD anchor weighted VWAP = 421.12
YTD low 1/3/23 = 377.83
YTD high 7/27/23 = 459.44
SPY options data:
10/6 expiry
Put Volume Total 343,059
Call Volume Total 266,741
Put/Call Volume Ratio 1.29
Put Open Interest Total 612,300
Call Open Interest Total 267,070
Put/Call Open Interest Ratio 2.29
10/13 expiry
Put Volume Total 138,092
Call Volume Total 96,788
Put/Call Volume Ratio 1.43
Put Open Interest Total 440,661
Call Open Interest Total165,760
Put/Call Open Interest Ratio 2.66
10/20 expiry
Put Volume Total 405,401
Call Volume Total 277,982
Put/Call Volume Ratio 1.46
Put Open Interest Total 2,470,357
Call Open Interest Total 1,009,859
Put/Call Open Interest Ratio 2.45