by ricardo@optionelements.es | Oct 22, 2021 | Option Levels
Futures are pushing back to all time highs of 4541. Gamma had a significant build overnight, which leads to an SG implied move of only 0.53% – thats is about as tight as our range gets. The Call Walls did shift higher overnight, the SPX moved to 4550, but the SPY... 
by ricardo@optionelements.es | Oct 21, 2021 | Option Levels
Futures have pulled back slightly to 4515. Key support is at 4500, then 4479. Resistance lines up at 4529. We look for another fairly tight trading range today, with a max estimated range of 0.68%. As the Call Wall did not roll higher from 450SPY or 4500SPX, we look... 
by ricardo@optionelements.es | Oct 20, 2021 | Option Levels
Futures are down a few handles to 4508. There was a small gamma build overnight which leads to a smaller estimated S&P500 range on the day of 0.67%. The Call Wall for the SPX & SPY remain at 4500/450. With that we note resistance today at 4515 (SPY equivalent... 
by ricardo@optionelements.es | Oct 19, 2021 | Option Levels
Futures have pushed higher to 4393, indicating the S&P500 will open at our near the 4500 Call Wall. We look for a fairly tight trading range today, with a max SG implied move in the S&P of 0.73%. Resistance is at that 4500-4510 range which is the SPX Call Wall... 
by ricardo@optionelements.es | Oct 18, 2021 | Option Levels
Futures have consolidated some gains overnight, currently trading at 4445. As expected gamma was significantly reduced by Fridays OPEX, but still remains strongly positive. With that positive gamma reading, we anticipate a fairly low volatility day with an SG max... 