by ricardo@optionelements.es | Abr 13, 2020 | Sin categoría
Futures tested the 2725 area overnight and are currently around 2750. Gamma remains fairly flat to Thursdays close as we open the week. We have Friday highlighted as a key date this week as Aprils Monthly OPEX takes place. While put/call positioning is on the lighter... by ricardo@optionelements.es | Abr 9, 2020 | Sin categoría
Not much change overnight as we enter the final day of trading for the week. One of our subs pointed out an article on ZeroHedge with an interesting note from Morgan Stanley: “Tactical Put and Call volumes continue to drop, with on average just $550MM/day of... by ricardo@optionelements.es | Abr 8, 2020 | Sin categoría
This was apparently the largest SPX gain (cash session) every to close negative on the day. Curiously options volume on the day was decent but with a put call ratio of 1.1 – so that call volume we keep clamoring for comes on a day with a large reversal. The... by ricardo@optionelements.es | Abr 7, 2020 | Sin categoría
Another major move higher in futures pushes us well through 2700 in the SPX. A friend just noted that the Nasdaq is only down ~6% for the year now. Negative gamma obviously shifts closer to zero but we are still a ways from zero. Keep in mind the higher we move the... by ricardo@optionelements.es | Abr 6, 2020 | Sin categoría
We sincerely apologize for the delay in todays note. We’ve been battling connectivity issues this morning – generally we would just switch locations which you can’t do during quarantine. At any rate its a very interesting market today as futures are... 