by ricardo@optionelements.es | May 21, 2021 | Sin categoría
Futures are at 4160 with little movement overnight. For today we have a fairly large SPX gamma expiration at the open, and then we estimate 25-30% of total gamma (S&P/QQQ) expires at the close. We are not anticipating much movement for this session, with large... 
by ricardo@optionelements.es | May 20, 2021 | Sin categoría
Futures are at 4090 after holding 4110 for most of the overnight session. We are looking for a volatile day, with our SG implied move at 1.7%. 4100 is the key large level, with 4140 resistance and 4040 support. Gamma officially remains negative under 4130, but we... 
by ricardo@optionelements.es | May 19, 2021 | Sin categoría
Futures are lower and have broken our key support level of 4100. Gamma is now marked as negative across all indicies, which infers that if markets decline dealers will need to sell futures. Our SG implied move for today is 1.3%, so we anticipate further volatility in... 
by ricardo@optionelements.es | May 18, 2021 | Sin categoría
Futures have pushed higher to 4170, which officially places the S&P in positive gamma territory. With that we are looking for another day of low volatility, with support at 4150 and key overhead levels of 4175 and 4200. As you can see in the chart below the... 
by ricardo@optionelements.es | May 17, 2021 | Sin categoría
Futures are off slightly to start the day, trading at 4150. We have a positive gamma for the SPX with an anticipated maximum move of 86bps. Today we mark the key trading levels as: 4124, 4150 and the 4175 area (Large gamma, Vol Trigger/ZeroGamma). Heading into Friday... 