by ricardo@optionelements.es | Oct 4, 2021 | Option Levels
Futures are swinging quite a bit, currently lower to 4330. Gamma starts off this week in a very negative position which implies high volatility not just for today, but for the week. We remain bearish on markets as long as they are under 4380 (Vol Trigger), which is a... 
by ricardo@optionelements.es | Oct 1, 2021 | Option Levels
Large swings in futures overnight. Overnight lows were 4260 before ripping higher to 4315. As such we’ve rerun our models to reflect current ES levels. Regardless, as gamma is quite negative until SPX >4375 then there will be no stability in price. Key support is... 
by ricardo@optionelements.es | Sep 30, 2021 | Option Levels
More choppy action in futures overnight which hit overnight highs of 4389 (~4400 SPX equivalent) before dropping back to last nights close of 4365. Due to it being the quarter end OPEX, we expect volatile action similar to yesterday. 4400 is major resistance, with... 
by ricardo@optionelements.es | Sep 29, 2021 | Sin categoría
Futures have recovered to yesterdays intraday high of 4370. We forecast a large max move of 1.8% today due to the large negative gamma position. Resistance is at 4400 and 4416. Support 4364 and 4325. As long as the SPX is <4400 we look for large directional swings.... 
by ricardo@optionelements.es | Sep 28, 2021 | Sin categoría
Futures are down sharply, testing the key 4400 level. As noted, 4400 is critical support for markets as a break of this line invokes negative gamma which likely leads to a spike in volatility. Essentially our models are bullish above 4400, and bearish below. We see... 