Over half of the total options positions are set to expire this Friday, December 26, leading to significant market activity as traders roll over positions. This has resulted in increased noise in trading signals, with recent days seeing a high volume of options trading that should not be interpreted as directional signals. For instance, put options accounted for 30% of large trades today, but this does not indicate a bearish sentiment due to the presence of deep out-of-the-money and in-the-money trades. As many institutions aim to mitigate pin risk, they are rolling over positions ahead of the expiration. This creates opportunities for traders to acquire options at favorable prices, especially as some institutions offload positions. The current market environment, characterized by negative slippage, suggests that using smart trading strategies can yield better pricing, offering valuable insights gained from real trading experiences.