by ricardo@optionelements.es | Feb 13, 2020 | Sin categoría
The Coronavirus has futures testing the 3350 support level. This is the bottom of our anticipated range going into Februarys main OPEX (next Friday), and a break of 3350 may mean an fairly quick retest of 3325. When markets lose that $1bn gamma level is when we start... by ricardo@optionelements.es | Feb 12, 2020 | Sin categoría
Note: Futures are retesting highs and may again run at 3375. 3375 and 3400 both grew in gamma size overnight and are both pretty hefty levels. 3400 is only a sliver larger and so its listed as the high gamma strike. I bring this up because this can all be aggregated... by ricardo@optionelements.es | Feb 11, 2020 | Sin categoría
3400 took over as the High Gamma Strike, as 3375 surpassed 3350, too. That means we have a few overhead levels working to “pull” markets higher. If you look at the new OI change chart you can see we had around 9k contracts closed at the 3350 strike... by ricardo@optionelements.es | Feb 10, 2020 | Sin categoría
Note: Futures are holding the 3225 level while overall gamma did decline over the weekend. Our view is that was due to short term hedges being added over the weekend. Futures had actually moved overnight towards 3300 on bad virus headlines before rebounding towards... by ricardo@optionelements.es | Feb 7, 2020 | Sin categoría
Note: 3350 remains resistance as overall gamma declines some. Futures tested the 3350 level overnight but were unable to hold. The gamma for strikes overhead did not grow overnight – this is something we’d want to see happen to be bullish. It may be that... 