by ricardo@optionelements.es | Abr 5, 2021 | Sin categoría
Futures have pushed higher from Thursdays close, to 4030. With that the Call Wall (resistance) has shifted to 4050 for SPX and 410 for SPY. With this move higher the total market gamma increases (total S&P gamma ~$2bn) which indicates a reduction in volatility... 
by ricardo@optionelements.es | Abr 1, 2021 | Sin categoría
ES futures pushed back up to yesterdays highs near 3980, and NQ futures have made new highs to 13205. 400/4000 is obviously the big number for today as it is the SPY/SPX Call Wall and therefore a resistance/magnet point. Our view is that the market likely does shift... by ricardo@optionelements.es | Abr 1, 2021 | Sin categoría
ES futures pushed back up to yesterdays highs near 3980, and NQ futures have made new highs to 13205. 400/4000 is obviously the big number for today as it is the SPY/SPX Call Wall and therefore a resistance/magnet point. Our view is that the market likely does shift... 
by ricardo@optionelements.es | Mar 29, 2021 | Sin categoría
Futures have reversed that last 15minute explosion from Friday. Despite the elevated SPX price there is little build in positive gamma as the result of call closures (see below). However because of that increase in ES prices 4000 is now the largest SPX gamma... 
by ricardo@optionelements.es | Mar 26, 2021 | Sin categoría
Futures are flat to last nights close at 3909. We anticipate another day of relatively high volatility, particularly in QQQ/IWM which hold a lot of negative gamma. 3900 remains the largest gamma strike in SPX, with our negative gamma flip line at 3890. Risk is high if... 