The end of the year is approaching, and this Friday the 26th, more than half of the total open interest in options will expire. Right now, rolling over positions is absolutely dominating the market. This creates a lot of noise in the signals we get. Over the next few days, it’s not advisable to use options data as trading signals. For example, today the proportion of large Put transactions reached 30%, but this is not a bearish signal. There are many deep out-of-the-money and in-the-money Put options being traded. Of course, this also shouldn’t be interpreted as institutions’ views on specific price levels. When a large number of options are about to expire, many institutions roll over their positions in advance to hedge against pin risk. At this time, picking up some of the last-minute positions dumped by institutions can be super cost-effective. The prices are incredibly favorable, and there have been many negative slippage opportunities in the past couple of days. Using smart trading can get you even better quotes—this is hard-earned experience bought with real money