SPG has been consolidating since late 2018. I predict a break to the upside as the price movement contracts over the next 3-9 months.. SPG currently sits just below the 61.8% fib with strong support at 135.68. A true breakout would occur after 157.72 (61.8% fib).
Notes:
SPG Jan 2026 145.000 call currently has 1,431 open interest as of 7/11/24, trading at 18.78/contract.
The 190 and 200 strike calls are attractive from a TA perspective, but there's not much open interest yet (under 10 contracts) and these may be tough to sell at exit.
SPG Jan 2026 190.000 call currently has 6 open interest, trading at 4.3/contract.
SPG Jan 2026 200.000 call currently has 10 open interest, trading at 3.0/contract.
Notes:
SPG Jan 2026 145.000 call currently has 1,431 open interest as of 7/11/24, trading at 18.78/contract.
The 190 and 200 strike calls are attractive from a TA perspective, but there's not much open interest yet (under 10 contracts) and these may be tough to sell at exit.
SPG Jan 2026 190.000 call currently has 6 open interest, trading at 4.3/contract.
SPG Jan 2026 200.000 call currently has 10 open interest, trading at 3.0/contract.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.