$NYADV reaches a new low today, indicating a lower close ahead in a few days (as early as tomorrow)。
But the current SPY maxpain is still around 112, so I still think the OE SPY close will be at least around 110 (even though the maxpain will decrease gradually over the next 2 weeks).
Welcome back! Missed your analysis for a long time. I also think there will be a bounce before OE. No free lunch for all the puts opened. And drop again after OE...