What is going on with SPY

Before i start posting my trade ideas and charts , wanted to post this quick as its pretty current. I trade Options and the underlying. Before I make any decisions on what to trade and how to trade it, first i need to understand what is going on in the Meta indicies and how Options are positioned. This well help me understand the type of Vol to expect and what type of strategies i should be using. Heres a quick birds eye view on how SPY has been playing out