by ricardo@optionelements.es | Ago 25, 2021 | Sin categoría
by ricardo@optionelements.es | Ago 24, 2021 | Sin categoría
Futures have pushed back to highs of 4483. Gamma has rebuilt which provides a tighter 0.74% estimated move today. The Call Wall holds at 4500(SPX) /450 (SPY) which gives us a “band” of resistance in the 4500-4510 area. Support lies at 4456. We remain of the... 
by ricardo@optionelements.es | Ago 23, 2021 | Sin categoría
by ricardo@optionelements.es | Ago 23, 2021 | Sin categoría
Futures have pushed a bit higher to 4450. There is a lower amount of gamma in markets, which pushes our 1 day implied move to 1.1%. We see resistance at 4486 & 4509 with support at 4425 & 4400. Bulls maintain control as long as markets hold 4400. If we do see... 
by ricardo@optionelements.es | Ago 20, 2021 | Sin categoría
Futures have been testing lower, currently at 4390. We have a decent amount of gamma expiring at the open (27% of SPX/36%SPY). This may be enough to dissolve the 4400 pin, and expose markets to lower prices. Should we stage a rally here, we see resistance at 4431 and... 