by ricardo@optionelements.es | May 7, 2021 | Sin categoría
Futures have pushed through to 4203 just ahead of this mornings 8:30AM EST jobs report. Our Call Wall resistance point did not move higher, and stands at 4200. The SPY Call Wall is 421, and so we draw a large Combo resistance point at 4215. Support shows at 4175,... 
by ricardo@optionelements.es | May 6, 2021 | Sin categoría
4160 is the curernt futures price – flat to last nights close. There was little change in key levels overnight, with our models looking for a 90bps max move with 4200 resistance, 4150 support. We think a break of 4150 brings a quick test of 4100. Our sentiment remains... 
by ricardo@optionelements.es | May 5, 2021 | Sin categoría
Futures are back to 4175, having recovered nearly all of yesterdays losses. With the updated options levels we now pick up 4160 as the Volatility Trigger, and 4150 as the largest gamma strike. We’re therefore holding 4150 as critical support for today. The Call Wall... 
by ricardo@optionelements.es | May 4, 2021 | Sin categoría
Another quiet session overnight, with futures off a few handles to 4175. 4200 remains the largest gamma strike on the board which for now functions as resistance. 4187 is standing out as a major level today as its both a large Combo Strike line, and the Volatility... 
by ricardo@optionelements.es | May 3, 2021 | Sin categoría
Futures initially broker higher overnight to 4197 but have reversed to 4183. Gamma reduced as anticipated which equates to an estimated SPX max move of 85bps for today. The QQQ and SPY seem poised to open in negative gamma territory which suggests that volatility... 