by ricardo@optionelements.es | Dic 7, 2021 | Option Levels
A strong rally has pushed futures to 4650. This signals that the market has unlocked a bit of positive gamma, and with that our estimated max move is only 0.71% for today (vs 1.14% y’day). We mark resistance at 4678, then 4700. Support lies at 4650 & 4600.... 
by ricardo@optionelements.es | Dic 6, 2021 | Option Levels
Futures have been volatile overnight with a high of 4575 and current prices near lows at 4535. Our models suggest another large trading range today, with a max open/close move of 1.14%. Critical support lies at 4500, with resistance at 4565 then 4600. We continue to... 
by ricardo@optionelements.es | Dic 3, 2021 | Sin categoría
by ricardo@optionelements.es | Dic 3, 2021 | Option Levels
Futures are off from last nights close, down to 4565. We saw a shift in gamma towards zero, which means our implied max move for today in 0.96% or 44pts. Said another way: we look for volatility to reduce some. Key resistance is at 4600 then 4630, which is where... 
by ricardo@optionelements.es | Dic 2, 2021 | Option Levels
Futures have been volatile overnight – staging a rally to 4550 before pulling back to 4525. We look for an estimated 1 day move of 1.21% today, with major support at 4500 and resistance at 4562 and 4600. Total negative gamma decreased overnight, and we note our Put... 