Futures are flat to 3600 ahead of this mornings 8:30 AM ET CPI print. Resistance above is at 3648, then 3700. 3600 is our pivot line, with large support lines at 3559, 3548, then 3500. Our SG gamma index remains at levels which suggests peak volatility, and the VIX...
Informe Option Levels
Informe Option Levels
Futures have pressed higher to 3621. Resistance is at 3648, then 3700. Support shows at 3600 then 3562. Yesterdays sharp drop in markets was driven by BOE comments, and that seemed to draw out put buyers. With that our SPX Put Wall shifted down to 3500, which matches...
Informe Option Levels
Futures are down to 3595 from overnight highs of 3635. Levels are largely the same with the exception of the SPY Put Wall, which shifts to 350 (from 360). The SPX Put Wall remains at 3600, but size is building at 3500. This lower SPY wall suggests that the...
Informe Option Levels
Futures are flat to Fridays close after a quiet overnight session. We see support at 3611 (SPY 360) and 3600. Resistance shows at 3651 and 3700. From our view, Fridays large decline simply unwound the short cover from earlier in the week. Rallies in this put-heavy...
Informe Option Levels
Futures are flat to last nights close, near 3760. Resistance remains at the band from 3800 (Vol Trigger) to 3820(SPY Call Wall) & 3835 (Call Wall). We have a pivot line at 3749, then support at 3720 (370 SPY) and 3700. Traders are waiting for this mornings Non...
Informe Option Levels
Futures have pulled back to 3780. There is a band of resistance above: at 3800 (Vol Trigger), 3820 (SPY380 equivalent, large gamma strike), and 3835 (SPX Call Wall) . Support shows at 3749 then 3700. We find it no strange coincidence that the rally stalled right in...
Informe Option Levels
Futures are contracting, to 3770. Resistance remains at 3800, with support at 3749 then 3700. Positioning >=3800 remains light, despite the recent rally. Further we note the Vol Trigger moved lower to 3755 (from 3800) and the SPX Put Wall is back to 3600. These...
Informe Option Levels
Futures have pressed higher to 3750 overnight. The 3800 Vol Trigger remains our resistance line overhead. Support shows down at 3600. There are fewer notable support and resistance lines in this price area due to small gamma strike sizes. As the volatility is quite...
Informe Option Levels
Futures are up some to 3615. Resistance shows at 3606 and 3654. Support shows at 3553 (SPY 355). We look for lower levels of volatility today, after put positions were removed on Friday. We believe that the expiration of large put positions can be turning points for...
Informe Option Levels
Futures are higher to 3680 as we close out Q3 of ’22. Key levels are little changed. Resistance appears at 3700, followed by 3720 (SPY 370). Support shows at 3653 and 3602. We anticipate high intraday volatility today, much like the last several sessions. Today, we...
Informe Option Levels
Futures have contracted some to 3700. Levels are little changed, with resistance at 3720 (SPY 370), then 3747. Support shows at 3700, 3670 (SPY 365), then 3647. TLDR: Time frames. We are still looking for a rally to start next month, but one needs to respect that we...
Informe Option Levels
Futures have slid lower to 3619, indicating the S&P will open at or near the 3600 Put Wall support. Support below there is 3580 and 3550 (SPY Put Wall 350 equivalent). Resistance above is 3627 and 3652. The Put Walls are the bottom of our trading ranges. They did...