by ricardo@optionelements.es | Jul 1, 2021 | Sin categoría
Futures are flat to yesterdays close of 4290. 4300 (430 SPX) remains the Call Wall and so we look for the SPX to stay at or below this price area. We note 3 large Combo bars as support and resistance: 4321, 4299 and 4275. This range syncs with a very tight estimated... 
by ricardo@optionelements.es | Jun 30, 2021 | Sin categoría
Futures are at 4280, which is flat to the close but off of 4270 lows. As anticipated there is little change in levels overnight with resistance at the 4300 Call Wall, and support at 4275. We again forecast a tight trading range at 72bps/31pts. No strike seems poised... 
by ricardo@optionelements.es | Jun 29, 2021 | Sin categoría
Futures have done nothing overnight, maintaining 4280. 430SPY/4300SPX shows as a major sticking/resistance point due to the large amount of gamma at that strike. With that we forecast a max move today of just 67bps which is about as low as we’ve seen in some time.... 
by ricardo@optionelements.es | Jun 28, 2021 | Sin categoría
Futures are flat to 4270. Today looks like another fairly quiet session with an SG max implied move of 32 pts. The Call Wall has now shifted to 4300 which is our new target high. Key support is at 4250. At the moment we see small options positions ahead of the 7/16... 
by ricardo@optionelements.es | Jun 24, 2021 | Sin categoría
Futures have pushed back to yesterdays highs of 4255. Forecasts are similar to yesterday. Gamma comes in flat, which implies a max move of 35pts for the day. 4275 remains the key overhead level (Call Wall) with 4225 support. Shown below is the gamma layout for each... 