SPX open interest for key levels...

Discussion in 'Trading' started by rc5781, Jan 9, 2008.

  1. rc5781


    The open interest in the spx options are huge on the put side right now and paltry on the call side.

    spx 1400 puts 88,554 open int
    spx 1460 puts 193,648 open int

    Is this usually good for predicting resistance levels, for example based on the 1400 puts does it make it very unlikely that we will see levels above 1400 and almost impossible that we see above 1460?