by ricardo@optionelements.es | Feb 5, 2021 | Sin categoría
by ricardo@optionelements.es | Feb 5, 2021 | Sin categoría
Futures pushed higher overnight to 3880. Support is at 3854, with the Call Wall at 3900 and a very large Combo resistance bar at 3905. Now that markets pushed into the 3850-3900 range, positive gamma has increased in the S&P complex has to fairly robust $1.5bn. As... 
by ricardo@optionelements.es | Feb 4, 2021 | Sin categoría
Futures are flat to last nights close, holding 3830. Notional gamma levels remain flat, and the only activity of note is building up at the 4000 strike in SPX. 4000 has the second largest number of call contracts, second only to 3800. Call activity around at the... 
by ricardo@optionelements.es | Feb 3, 2021 | Sin categoría
Futures are holding the 3830 area after a quiet overnight session. We saw a fairly small increase in total notional gamma, nothing to suggest large call buying. The Vol Trigger area shifted up to just under 3800, implying that much of what we saw the last two days was... 
by ricardo@optionelements.es | Feb 2, 2021 | Sin categoría
Futures push higher overnight to the 3800 large gamma strike. The VIX is indicating down 3 pts to 27 (-10%), which added to the equity tailwind. Call open interest increased 15k at 3800, and we note the first resistance level showing up at 3812 and then 3838. We see... 