the most likely SPY close today is 158 and 157 could be touched intra-day.
I am afraid SPY is going 160 before pulling back, all economic numbers are getting worst, but Fed keeps pumping more counterfeit money into the equity markets.. to be safe, if you can't beat them, then join them...
dude I see worse. we could close as low #$%$ 155. no typo. look at OI on the 155 and 156 strikes on the puts.
160 is where this is going, cleaning out all the smart people buying puts thinking they can call a top.
No way dude! 155? That's over 3% down! We haven't even had a 2% down day since fall 2011!