Due to the immense amount of 430 put premium expiring on Friday, I assume we open higher due to the depreciation felt on 430 puts overnight. This loss of premium will indicate a loss in delta, lowering the necessary shorted shares and in case creating buying pressure instead.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.