by ricardo@optionelements.es | Mar 20, 2020 | Sin categoría
A strong rally overnight in futures touched the 2500 level only to back off some to 2450 area now. Gamma drops to $1bn and the zero gamma level moves down a bit to 3100. The key to the options market helping to drop volatility will now be to see where new positions... by ricardo@optionelements.es | Mar 19, 2020 | Sin categoría
If we pull out tomorrows expiration the early projection appears we may come in around -$1bn in gamma and a zero flip point closer to 3000. I would add though that we still need to see to where/what these March positions are rolled. So this projection should hopefully... by ricardo@optionelements.es | Mar 18, 2020 | Sin categoría
Little change to gamma levels overnight. Futures are currently at 2400 which holds a lot of gamma associated with it (~$8bn). We are getting a lot of questions about Fridays OPEX and want to expand on it a bit. There seems to be a consensus that its a very bullish... by ricardo@optionelements.es | Mar 17, 2020 | Sin categoría
More crazy movement in futures as we went limit up, only to trade down ~120 handles then back up 100, and down again to settle in the 2425 area. This type of movement is drawing ire from pundits like Jim Cramer and I bring this up because I think it increases odds of... by ricardo@optionelements.es | Mar 16, 2020 | Sin categoría
Limit down again today has us retesting the lows of Friday. This just gets more crazy each day. Chatter really seems to be increasing regarding a market close for multiple days. We put up a note about it on the site – basically any options that expire on a... 