by ricardo@optionelements.es | Nov 9, 2021 | Option Levels
Futures are flat to last nights clost at 4690. We saw a small build in gamma, but overall levels and ranges remain the same. We look for a max move today of 31 handles, with major resistance at the SPY470 (SPX 4715) area. Support lies at 4690. Our models look for a... 
by ricardo@optionelements.es | Nov 8, 2021 | Option Levels
Futures are up slightly from Fridays close, holding 4690. We look for a tight trading range today, with a max move of 0.65%. It appears the S&P will open up against Call Wall resistance of 470(SPY)/4700(SPX) which gives us a “resistance range” of 4700-4715... 
by ricardo@optionelements.es | Nov 5, 2021 | Option Levels
Futures little changed overnight, currently 4670. The total market gamma position remains robustly positive, which leads us to look for a tight 0.66% max S&P500 move today. Key resistance is at 4691 with support at 4644. In yesterdays note we commented on how... 
by ricardo@optionelements.es | Nov 4, 2021 | Sin categoría
by ricardo@optionelements.es | Nov 4, 2021 | Option Levels
Futures are marginally higher to 4660. Post-FOMC we saw a build in gamma, bringing our 1 Day Max move to just 0.50%. This is the lowest figure we’ve seen in quite some time, and we attribute this to the SPX price move higher and a large build up at the 4700 strike.... 