by ricardo@optionelements.es | Oct 8, 2021 | Option Levels
Futures held tight overnight and are currently trading near 4395. 4400/4410 in SPX (4410 = 440 SPY) is the key area today, with support at 4380 and resistance at 4450. Both the Put Wall and our gamma flip lines moved a bit higher, which we translate as hedges being... 
by ricardo@optionelements.es | Oct 7, 2021 | Option Levels
Futures have extended the rally to 4395; it appears all the market needed was a punt on the debt ceiling. We look for a bit less volatility today for todays cash session, with major resistance at 4400. Over 4400 we do not register another resistance point until 4400.... 
by ricardo@optionelements.es | Oct 6, 2021 | Option Levels
Futures have re-filled the gap lower, currently down to 4280. As gamma remains sharply negative we look for another day of high volatility. Resistance is at 4300, then 4350. Support is at 4260. Watching implied volatility (ex: VIX) is critical today, if that trends... 
by ricardo@optionelements.es | Oct 6, 2021 | Option Levels
Daily Note: Futures have re-filled the gap lower, currently down to 4280. Model Overview: Large negative gamma position forecasts large, volatility swings. This should continue until/unless the S&P recovers 4400. SpotGamma Proprietary Levels Latest Data Previous... 
by ricardo@optionelements.es | Oct 5, 2021 | Option Levels
Futures touched overnight lows of 4270 before bouncing to current highs of 4308. We look for another day of high volatility, with resistance initially at 4325, then 4365. Support is at 4300, then 4275. The EquityHub model has been quite effective at mapping out the... 