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Option Levels
Informe Option Levels

Informe Option Levels

Futures are holding the key 4000 level after a quiet overnight session. This 4000 level remains support for today, with 3975 & 3960 (SPY395) support below. Resistance above shows at 4051. A push below 4000 places markets back into a mild negative gamma stance,...

Informe Option Levels

Informe Option Levels

Futures are off slightly to 4060. First resistance is at 4074, with major resistance holding at 4100 to 4110 (SPY410). First support shows in the 4060(SPY405) to 4050 band, with 4000 major support. We still favor mean reversion, with declining volatility into 12/12....

Informe Option Levels

Informe Option Levels

Futures were unchanged overnight, holding 4075. Resistance remains at a band above from 4100 – 4110 (SPX Call Wall+SPY410 Call Wall). Above there resistance shows at 4126, however we mark any SPX move >4110 as overbought. Support shows at 4050-4055 (SPY405), then...

Informe Option Levels

Informe Option Levels

Futures are off marginally to 4077, after a quiet overnight session. The 4100 Call Wall is now near term resistance, with 4124 over that. Support today shows at 4055 (SPY405) – 4050 with 4000 being major, longer term support. We now look for volatility to begin...

Informe option Levels

Informe option Levels

Futures are quiet, trading near 3970. A multi-day string of key data points begins today with GDP at 8:30AM ET, then Powell speaking at 1:30PM ET. Resistance shows at 4000, then 4048. Support shows from a band near 3960 (SPY395) to 3950, then 3890(SPY390 Put Wall). We...

Informe Option Levels

Informe Option Levels

Futures are up some, trading near 3880. 4000 remains the key strike, which we mark as resistance for today. Above that line, resistance is 4024. Support remains at 3960 (SPY395). Overall we see little reason to shift from our core outlook that tomorrow will spark a...

Informe Option Levels

Informe Option Levels

Futures have reverted to 4000 ahead of what should be a busy week. Major resistance remains in the 4050-4060(SPY450 Call Wall) range. Support shows at 3960. 4000 continues to be a “fair value” pivot area for the S&P given the large amount of balanced gamma (i.e....

Informe Option Levels

Informe Option Levels

Futures are off slightly to 4035 on this holiday shortened trading day. The Call Walls for the SPX/SPY are now in sync at 4050-4060(SPY405), which is the major resistance area for today. Support shows at 4024 and 4000. Our theme over this holiday period has been for...

Futures are up slightly to 4015 ahead of a few key data points today, including 2pm FOMC minutes. 4000 remains our large pivot area, and what we’d mark as “fair value”. Resistance above shows above at 4024 and 4052. Support shows at 3945 & 3900. We anticipate...

Informe Option Levels

Informe Option Levels

Futures are flat to 3960 after a quiet overnight session. There were two important shifts in SG data: both the Call Wall (4100) and Put Wall (3800) shifted higher, which is a bullish signal. Resistance shows at 4000, with support at 3960 (SPY395) to 3950. Below that...

Informe Option Levels

Informe Option Levels

Futures are down slightly to 3950 into this holiday shortened week (no, not the World Cup, but Thanksgiving in the US). Our updated forecasts shows lighter volatility for this session, with a 1% SG Implied Move. This indicates both 3900 & 4000 are in play for...

Informe Option Levels

Informe Option Levels

Futures are higher to 3980 ahead of today’s monthly OPEX. We see ~30% of total gamma in SPX/SPY/QQQ expiring today, with the bulk of that concentrated in the 4000/400/290 area. For today first resistance is at 3980, with 4000-4010(SPY400) as major resistance. Support...