
On October 28, 2024, trading activity in the S&P 500 index ($SPX) revealed significant volume levels, with a focus on options trading. The index needs to hold above 5850 to maintain momentum for calls targeting 5880-5900, while a failure to do so could lead to a decline towards 5822. Tesla ($TSLA) is also under scrutiny, needing to defend the 271 level. Nvidia ($NVDA) is facing weakness, particularly if it drops below 140.76, while CrowdStrike ($CRWD) experienced a strong bounce, reclaiming the 300 mark. The trading volume of the SPDR S&P 500 ETF Trust ($SPY) has been notably low, with only 13.6 million shares traded by late afternoon on October 28, significantly below the year's low of 30.7 million shares. Additionally, the monthly volume for the SPY over the last six months is reported to be the lowest since the Dot-com era. As of October 29, the SPX is holding at 5800, with upcoming data expected to influence market movements, and support levels noted at 5767.
Top $SPX options flows so far today courtesy of Traderade Hot call (13K+ volume): 5850 Warm call (13K volume): 5840 Hot put (13K volume): 5800 Warm put (12K volume): 5780 https://t.co/txmPDkFlrG
$SPX holding 5800, data coming at 10am. Not much support below until 5767. $JPM needs 226 for calls $NVDA puts working below 140.76, $AMD reports after the bell though. Harder for continuation. $CROX watch 111-112 to hold for a bigger bounce
$SPX Levels for today. Also note, the 5770 puts caught some buying action early this morning. Slight bearish skew to start the day. https://t.co/gb9ySHhDRF

