by ricardo@optionelements.es | Abr 19, 2021 | Sin categoría
4165 is the current ES price, after very little movement overnight. The SG Implied range is only 60bps today, which is quite a small range given the large expiration on Friday. 4200 is major resistance. We do read the path of least resistance as lower, with initial... 
by ricardo@optionelements.es | Abr 16, 2021 | Sin categoría
Futures have shifted up a bit to 4165 as we enter todays large OPEX. We estimate just over 25% of SPX gamma is set to expire at the open, with SPX & single stock options expiring on the close. We do not anticipate much volatility today, with 415 being the largest... 
by ricardo@optionelements.es | Abr 15, 2021 | Sin categoría
Futures are right back to 4135 after yet another quiet overnight session. There was a lot of OI added to the 4125 line which functions to lock down current price levels into tomorrow AM’s SPX expiration. At the 4125 open interest line, 27k calls and 25k puts were... 
by ricardo@optionelements.es | Abr 14, 2021 | Sin categoría
Futures held an extremely tight ~9pt range overnight, and are currently at 4139. The SPY Call Wall has shifted to 415 to match the SPX 4150 resistance area. We’re anticipating yet another tight trading range with the SG Implied Move at 26pts. The week into large... 
by ricardo@optionelements.es | Abr 13, 2021 | Sin categoría
Very little movement from futures overnight, which are flat to last nights close at 4120. Gamma has reduced a bit, with 4100 remaining the large strike. The SPX Call Wall shifts to 4150 which is our major resistance line into Friday, with 4100 remaining critical... 