by ricardo@optionelements.es | Nov 3, 2021 | Option Levels
Futures are flat to 4620 head of todays 2pm ET FOMC. While the estimated SG Max Move of 0.67% is similar to yesterday, there were shifts in key levels. First, the Call Wall shifted to 4700 from 4650 due to a build in calls at the 4700 strike. Second we saw our Vol... 
by ricardo@optionelements.es | Nov 2, 2021 | Option Levels
Futures led a quiet overnight session, currently holding 4600. We look for resistance at 460SPY(SPX 4315) and support at 4600. We see little reason to deviate from the idea that markets hold a very quiet, tight range today. Our anticipation is that vanna-flows (ie... 
by ricardo@optionelements.es | Nov 1, 2021 | Option Levels
Futures have pushed to fresh all time highs past 4620. With this boost higher there is an incremental build in gamma, pressing our SG 1 day max move to 0.66%. We mark resistance at 4622 and 4650. Support lies at 4600. 460SPY is a very large gamma strike, and our... 
by ricardo@optionelements.es | Oct 29, 2021 | Option Levels
Futures are down some to 4565. Key resistance is at 4584 and 4600, with support at 4570 and 4550. We look for another fairly tight trading range, with a max SG implied move of 0.73%. We note that the VIX has a bid this morning, up near 17.50. With the FOMC on 11/3 we... 
by ricardo@optionelements.es | Oct 28, 2021 | Sin categoría
