by ricardo@optionelements.es | Abr 20, 2022 | Option Levels
Futures have popped back to yesterdays highs of 4460, ahead of this morning’s VIX expiration. We continue to look for high volatility, with an SG implied move of 1.12%(open/close). Resistance is at 4500, with support at 4445 then 4415 (SPY 440 equivalent). We note... 
by ricardo@optionelements.es | Abr 19, 2022 | Option Levels
Futures have pressed lower to 4380. Our levels and volatility expectations remain in line with yesterdays data. We look for a maximum move of 1.19% (open/close) with resistance at 4400SPX & 440SPY (4415SPX equivalent). Support shows at 4365SPX (435SPY). Beneath... 
by ricardo@optionelements.es | Abr 18, 2022 | Option Levels
Futures are down 0.4% to 4370, but up from overnight lows of 4355. We forecast relatively high volatility for today, with an SG implied move of 1.17%. Resistance is at 4400SPX & 4420 (SPY440). Support shows at 4355 (SPY435) then 4300. Risk remains elevated as long... 
by ricardo@optionelements.es | Abr 14, 2022 | Option Levels
Futures held a quiet overnight session, currently trading near 4440. We look for muted volatility today, with an S.G. implied move of only 0.67% (open/close). Resistance remains at 4450, then 4475. Support shows at 4435, then 4420 (SPY420 equivalent). We still... 
by ricardo@optionelements.es | Abr 13, 2022 | Option Levels
Futures have bounced back up toward 4420 (440 SPY). Our volatility estimate for today comes in higher vs yesterday at 1.54%. Further, there remains a heavy negative gamma position in both SPY & QQQ. 440SPY/4400SPX are the interim floors we are watching now as... 