by ricardo@optionelements.es | Jun 3, 2021 | Sin categoría
Futures are again holding just below that large 4200 line, which remains the key options level. Other levels are little changed with the Volatility Trigger at 4195 and major resistance at 4222 (Combo Strike). While the SPX holds a fairly material set of positions from... 
by ricardo@optionelements.es | Jun 2, 2021 | Sin categoría
Futures dropped from the open to pin the large 4200 level. Model Overview: While markets hold 4200 we look for a low volatility grind higher, with 4250 the overhead target. 4160 is the gamma flip line, and therefore critical support. SpotGamma Proprietary Levels... 
by ricardo@optionelements.es | Jun 1, 2021 | Sin categoría
Futures popped higher this morning to 4220. On Friday we noted that just enough gamma was expiring to allow for some volatility, leading to a break from last weeks 4200 pin. That appears to be in play today, with our models indicating an overhead target of 4250 (Call... 
by ricardo@optionelements.es | May 28, 2021 | Sin categoría
Futures are up to the 4210 area overnight, which indicates is a pin to the 420 SPY strike. We are looking for another low volatility day, with implied volatility (VIX) declining and options decay defaulting to a “drift” higher in markets. QQQ does show a bit more... 
by ricardo@optionelements.es | May 27, 2021 | Sin categoría
Futures are at 4181 following a quiet overnight session. Our estimated max move on the day is 0.88%, with resistance at 4200 and support at 4175. Our concern for markets here is that they can not seem to get above 4200. In typical bull moves we see the S&P base... 