Futures are up slightly to 3925. There was little change to levels overnight, with 3900 key support. Beneath there we see support at 3855 (SPY 385). Resistance shows near 3950 then 4000. Volumes were quite light yesterday as the S&P was unable to pull away from...
Informe Option Levels
Informe SG Levels
Rallies into June OPEX should be categorized as “short covering” and subject to failure. We look for a “positive drift” into 6/30 expiration, $4000 is our major upside level into 6/30 The $3600 JPM 6/30 short put strike (3620) is our major downside support into June...
Informe SG Levels
Rallies into June OPEX should be categorized as “short covering” and subject to failure. We look for a “positive drift” into 6/30 expiration, $4000 is our major upside level into 6/30 The $3600 JPM 6/30 short put strike (3620) is our major downside support into June...
Informe SG Levels
JUN 23 2022 Founders Note for: 2022-06-23 07:25 EDT Macro Theme: Rallies into June OPEX should be categorized as “short covering” and subject to failure. We look for “positive drift” into 6/30 expiration, $4000 is our major upside level into 6/30 June OPEX....
Informe SG Levels
Rallies into June OPEX should be categorized as “short covering” and subject to failure. The $3600 JPM 6/30 short put strike (3620) is our major downside support into June 30th. The $4285 JPM 6/30 long put strike is our major upside level into June 30th. Daily Note:...
Informe SG Levels
Futures are up nearly 2% to 3750. After the large expiration our volatility estimate comes down to 1% (open/close). We note resistance at 3800 and support at 3700. With June monthly OPEX clearing the deck, markets will start searching for some new levels. We have been...
Informe SG Levels
Futures rallied overnight to 3770 after word of an ECB “emergency meeting“. We look for another high volatility day, with resistance at 3800 then 3850. Support shows at 3755 (SPY 375) then 3700. The ECB news slides in just before we trigger several catalysts today....
Informe SG Levels
JUN 14 2022 Founders Note for: 2022-06-14 07:00 EDT Macro Theme: Rallies into June OPEX should be categorized as “short covering” and subject to failure. Mark June 15th (VIX exp.) & June 17th (options exp. OPEX) as a key turning points due to very large...
Informe SG Levels
Heading into this pivotal week, futures are down 2% to 3800. We obviously look for high volatility today, with support at 3800 then 3700. Resistance is at 3900 then 3950. The market focus is undoubtedly about rates and the fluid assessment of Wednesday’s...
Informe SG Levels
Futures have made no move overnight, holding the 4015 area. We obviously look for relatively high volatility today, triggered by the 8:30AM ET CPI report. Resistance is at 4050 then 4100. Support shows at 4000 then 3960. We cautioned that yesterday was the time to add...
Informe SG Levels
Futures are trading to 4135, up from overnight lows of 4104. Volatility estimates remain in line with that of the last several days: SG Implied Move 1.0%. Support holds at 4100, with resistance standing at the 4150-4160 area. This morning traders will be...
Informe SG Levels
Futures have pulled back to 4140. We anticipate ranges and price action in line with that of the last few sessions. 4100 is major support, with 4150-4160 primary resistance. The 4200 Call Wall is our max overhead level into Friday. The volatility reduction out of...