by ricardo@optionelements.es | Feb 21, 2020 | Sin categoría
Total gamma moves lower overnight to $1.3bn firming up our belief that 3350 is holding the line between “buy the dip” and “may not bounce”. Zero gamma seems to set in around 3300 which is obviously a substantial move lower and statistically... by ricardo@optionelements.es | Feb 20, 2020 | Sin categoría
Markets pulling back from early overnight highs of 3395 to test key 3375 support area. Total gamma has dropped some, but remains high. 3350 is our key level on a larger decline, with 3400 still large resistance. There was little to no indication of rolling in the OI... by ricardo@optionelements.es | Feb 19, 2020 | Sin categoría
Futures steady overnight and holding above 3375. We would look to this level as support and 3400 as resistance. It seems the market has been in this position a few times recently and unable to make the last push for 3400. One interesting level is 3390 which has a... by ricardo@optionelements.es | Feb 18, 2020 | Sin categoría
Markets are down some in reaction to AAPLs profit warning. Market gamma still reads high, with our key levels to watch today being 3350 and 3375. We should have dealer support into market selling, particularly if we’re above 3350. The key question(s) for today... by ricardo@optionelements.es | Feb 14, 2020 | Sin categoría
Futures a bit higher overnight as the market is within reach of the 3400 High Gamma “target” which had grown steadily in “gamma size”. The open interest tool shows quite a few 3375 puts added which shifts our Absolute Gamma strike to 3375 from... 