by ricardo@optionelements.es | Ago 4, 2021 | Sin categoría
Futures were steady overnight, and are currently at 4410. With the SPX indicating back over 4400, there is a higher level of gamma which implies lower volatility today. Our SG max 1 day move is just 0.73% (vs 1.2% y’day). Major support is at 4400 with... 
by ricardo@optionelements.es | Ago 3, 2021 | Sin categoría
Futures have popped back up to the 4400 area. 4400 is still the major gamma strike on the board, with a max implied move of 1.2% on the day. We see resistance at 4435 and 4450, with support at 4375. With this higher implied volatility markets could start to... 
by ricardo@optionelements.es | Jul 30, 2021 | Sin categoría
Today should be quite interesting. Futures are down to 4380, but up off of 4372(4378 SPX) which is our main support line for today. 4330 remains a major downside inflection point, and we think that would be todays low should larger selling ensue. To the upside we note... 
by ricardo@optionelements.es | Jul 29, 2021 | Sin categoría
Futures are on 4400 after a quiet overnight session. There are a cluster of large combo strikes around 4425 which we view as the top for today. SPY notional gamma is roughly 3x that of SPX, and so Call Wall gamma resistance is more of a “band” in between 4400... 
by ricardo@optionelements.es | Jul 28, 2021 | Sin categoría
Futures are flat to last nights close at 4395. Today we anticipate a quiet morning session, with some movement in the afternoon due to the 2PM EST FOMC. The Call Wall pin holds at 4400, with large support at 4362. 4420 is major resistance above. Our general view of... 