by ricardo@optionelements.es | Ago 13, 2021 | Sin categoría
Futures are a bit higher to 4457. There was a strong build in gamma overnight which pushes our estimated range to just 0.49% today. This is one of the largest positive gamma positions in recent memory which is mainly a function of call positions growing larger.... 
by ricardo@optionelements.es | Ago 12, 2021 | Sin categoría
Futures are at 4440 indicating an SPX opening at 4450. The Call Wall strike has shifted to 4500 which validates a move higher in the SPX. We do not see 4500 being achieved today, as our model forecasts another tight trading range of 0.71%. We see bit of resistance at... 
by ricardo@optionelements.es | Ago 11, 2021 | Sin categoría
Futures are yet again flat to 4425. We anticipate yet another tight trading range with the SG implied move at 0.73%. First support is at 4412 and 4439 resistance. 4400 is our critical support line, should that break we look for a test of 4362. Its of little surprise... 
by ricardo@optionelements.es | Ago 10, 2021 | Sin categoría
Futures are exactly flat to 4425. Futures have stuck to a 20 handle range over the last 3 days, and we see little reason for that to change today. The SG implied move is a tight 75 bps, with resistance at 4441 and support at 4414. Looking at the basic gamma layout in... 
by ricardo@optionelements.es | Ago 9, 2021 | Sin categoría
Futures are off -8 to 4420. Once again we start with a low volatility expectation based on the 75bps SG Implied move. 4400 SPX & 440 SPY (= 4415 SPX) is the largest gamma area on the board and main support. Resistance is at 4425 and 4439. The Call Wall... 