by ricardo@optionelements.es | Jul 14, 2021 | Sin categoría
Markets gave a bit back today with the SPX closing down 15pts to 4369. SPX options volume was decent at 1.1mm contracts – but again we saw a put heavy 2.4 PC ratio. The VIX also closed higher to 17.12. Today falls right in line with what our models suggested,... 
by ricardo@optionelements.es | Jul 13, 2021 | Sin categoría
Futures are flat overnight holding 4377. We see little change in gamma levels, with 4350-4400 the main range into Fridays OPEX. With that our model forecasts a very small max move today of 76bps/33pts. 4384 shows as a very large Combo Strike which may be a decent... 
by ricardo@optionelements.es | Jul 8, 2021 | Sin categoría
Futures are down over 1% to 4300, but up off of the lows of 4280. This indicates the cash index is set to open just over the critical 4300 line. This means that gamma levels will start near zero, which implies a larger 1% max move for today. Under 4300 is where the... 
by ricardo@optionelements.es | Jul 7, 2021 | Sin categoría
Futures are up slightly to 4335. Our SG index forecasts just a 59bps/26pt max move for the day which is the lowest figure in some time. Major resistance shows in the Call Wall Strike(s) of 4350(SPX) and 4362 (SPY 435 equivalent). Support is at 4314 and 4300. As you... 
by ricardo@optionelements.es | Jul 6, 2021 | Sin categoría
Futures are flat to Fridays close at 4340. The Call Wall has shifted up to 4400 which is now the top end of our range. Our models look for low volatility today with a 36pt max move. There are large Combo strikes at 4361 & 4383 which are resistance lines for today.... 