by ricardo@optionelements.es | Jun 23, 2021 | Sin categoría
Futures are flat to last nights close 4238, but did mark new highs at 4248. Positive gamma built significantly resulting in our models forecasting a small 75bps (30pts) max 1 day move in the SPX. 4275 is major overhead resistance, 4250 the “pivot” point, and 4225... 
by ricardo@optionelements.es | Jun 22, 2021 | Sin categoría
Futures are flat to last nights close of 4218. Gamma is flat, with an implied maximum move of 1.15% today. While our gamma flip levels compute as 4220, we hold 4200 as the critical risk level. Below that strike negative gamma ticks higher and downside risk... 
by ricardo@optionelements.es | Jun 21, 2021 | Sin categoría
by ricardo@optionelements.es | Jun 21, 2021 | Sin categoría
Futures have recovered some to 4175 – but that comes off of 4134 overnight lows. Markets start in a sharp negative gamma position which has us looking for high volatility today. Todays major overhead resistance line is 4234, with 4100 support. Todays setup is best... 
by ricardo@optionelements.es | Jun 18, 2021 | Sin categoría
Futures have pulled back to the 4200 area ahead of the 9:30 AM EST expiration. For today we mark resistance at the large 4225 to 4230 area (large gamma strikes for SPX + SPY). Critical support holds at 4200, and we think a break of that line initiates a quick test of... 