by ricardo@optionelements.es | Ene 19, 2022 | Option Levels
Futures are at 4585, from overnight lows of 4535. We’re still faced with a large negative gamma position in all indices, which implies that high volatility continues today. We see resistance at 4600, followed by 4650. Support is at 4569 then 4519. With the updated... 
by ricardo@optionelements.es | Ene 18, 2022 | Sin categoría
by ricardo@optionelements.es | Ene 18, 2022 | Option Levels
Futures are down sharply to 4600. This shift lower pushes the market into a negative gamma environment, which indicates there is a likely a lot more volatility today. We see resistance at 4650, then 4700. Support is at 4600 and 4575. We think its likely many traders... 
by ricardo@optionelements.es | Ene 14, 2022 | Option Levels
Futures are at 4660, up from overnight lows of 4640. The move lower yesterday pushed the S&P into a negative gamma position, and with that we look for a high volatility session. 4700 is major resistance, with support at 4645. The EquityHub model shown below also... 
by ricardo@optionelements.es | Ene 13, 2022 | Option Levels
Futures are at 4715 after a quiet overnight session. We see a tighter estimated range for today, at 0.61%. Major support is at 4700, followed by 4650. Resistance is at 4734 & 4750. 4700SPX/470SPY is where the bulk of gamma is and what we’d consider “fair value”... 