by ricardo@optionelements.es | Nov 16, 2021 | Option Levels
Futures are little changed, currently 4675. We look for another tight trading range, with resistance at 4695 into 4719. There are a cluster of high gamma resistance strikes from 4695 to the 4719 (SPY 470 equivalent). Support lies at 4675 and 4650. The most significant... 
by ricardo@optionelements.es | Nov 15, 2021 | Option Levels
Futures have drifted higher to 4488, implying the SPX will test the 4700 Call Wall figure today. With the lift in stocks on Friday, we see a both a build in gamma, and a decline in implied volatility. Both of these signals imply a tight trading range today, with an... 
by ricardo@optionelements.es | Nov 12, 2021 | Option Levels
Futures are flat to last nights close at 4650. Todays max estimated S&P move is 1.0%. This higher volatility estimate signals that gamma has reduced overnight. We see support at 4645, an then 4626. Resistance lies at 4699. As noted above, the current implied move... 
by ricardo@optionelements.es | Nov 11, 2021 | Option Levels
Futures have recovered some of yesterdays losses, currently trading near 4660. We see very little shift in levels from yesterday: our max move on the day remains at 0.72%, support is at 4645 (Vol Trigger), resistance at 4664 and 4700. The max estimated move have done... 
by ricardo@optionelements.es | Nov 10, 2021 | Option Levels
Futures are off slightly to 4665. With these lower S&P prices we see a slight reduction in gamma, leading to a tick higher in our estimated max move: 0.74%. Upside resistance sits at 4685, then 4700. Support lies at 4645, which is our gamma flip level (Volatility... 