Yesterday's Massive Positioning on SPX going into today. Trade Ideas for Mar 31 2026
Is the bottom in or a ceiling set? With millions in SPX options contracts processed yesterday could a short term bottom be in?
As usually our credit sells paid, plus targeting 630 was spot on fro the 635 break.
We also nailed a spectre special into the close. Solid trading.
But what I want to to talk about is the unusual activity AlphaOS caught yesterday.
As for today, geopolitical news will likely drive range.
Notice the how we have over $50m in option contracts bought/sold for today for SPX 6390/6400 area.
We’ve essentially gapped up to this spot overnight. I very pissed/annoyed because I want a gap down reversal to load up on calls today estimating at $12-15 move off lows.
That said, let’s see what we can find today. The crazy thing is we consistently find credit sells and naked trades paying 50-200%.
I’d like to get to to get and maintain a 90% average win rate this year. Let’s keep up the solid performance.
How to use AlphaOS to recognize shift in momentum
Process = Profits
Lately I’ve been doing the following:
Premarket establish where we likely wont reach. Sell premium for 0.8-0.60 on open.
After 11: second positioning of credit sells.
After 3:30: start hawking/planning for a Spectre Special
What’s a Spectre Special? A yolo trade that goes 300-1000% in under 30 min.
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SPY Traps: Dodge Breakdowns Today
Premarket volatility signals failed breakdown reversals near pivot
Market Context
SPY premarket closed at 638.86, sitting above the pivot at 635.71 after testing 635.71 low and rejecting 640.17 high. Over the last 5 days, price action shows multiple failed breakdowns below 635 with quick reversals on volume spikes, creating a bullish bias for intraday bounces. Previous close was 631.72; multi-day range 629.28-660.89 with frequent rejections at key pivots.
Key Events Today
No major events scheduled today, potentially leading to range-bound action.
