Cracked the SPY code
Here it is boys, and that one girl that looks at WSB,
JPOW is one smart son of a bitch. You know why your (and mine in early mays) Puts will expire worthless? Because JPOW and the Fed are the ones selling these puts.
They are buying SPY shares, selling you covered Puts, and then making sure they expire worthless. And the bears keep feeding the beast and thus, propping up the American Stock Market and our recovery. Thank you.
As long as everyone keeps buying Puts, they keep it sideways or going up. They never lose.