by ricardo@optionelements.es | Oct 28, 2021 | Option Levels
Futures are up slightly to 4555 after having held a 10 handle range overnight. The gamma position remains positive which implies a fairly tight max S&P500 move of 0.74% today. We note key support at 4548 with resistance at 4598. Some market consolidation was/is... 
by ricardo@optionelements.es | Oct 27, 2021 | Option Levels
Futures are flat to yesterdays close, currently 4562. Little change in our data overnight, with 4599 main resistance, and support at 4548. We anticipate another fairly tight trading range, with an SG Implied max move of 0.64%. All of our models continue to forecast... 
by ricardo@optionelements.es | Oct 26, 2021 | Option Levels
Futures have once again pushed higher to 4575. There was a small build in gamma overnight equating to an estimated max move of just 0.68% today. The SPX Call Wall shifts to 4600, which now syncs with the SPY 460 Call Wall. This forms overhead resistance in the... 
by ricardo@optionelements.es | Oct 25, 2021 | Sin categoría
by ricardo@optionelements.es | Oct 25, 2021 | Option Levels
Futures are flat to start, holding 4540. As anticipated the market shed a bit of gamma Friday which translated a winder estimated max move for today: 0.72%. We see a “pivot” at 4548 with resistance at 4575. Support sits at 4525 then 4500. We maintain that some... 