by ricardo@optionelements.es | Feb 1, 2021 | Sin categoría
Futures were down quite sharply to start the overnight session (3657) only to stage a strong recovery to current highs (3743). There was really no news of any kind to suggest clearing issues over the weekend, and the market rally seems to confirm that. We would note... 
by ricardo@optionelements.es | Ene 29, 2021 | Sin categoría
Futures are down from the close to 3750 but off of 3725 lows. SPX opens again in negative gamma territory with the flip point around 3785. Therefore we anticipate another high volatility day. 3800 is far and away the largest gamma strike on the board, and so selling... 
by ricardo@optionelements.es | Ene 28, 2021 | Sin categoría
Futures are a bit lower to 3730 but off of overnight lows of 3705. We’re obviously starting in negative gamma territory today with initial support setting up at 3700 and upside resistance at 3770. Because we’re in negative gamma territory options dealers are likely to... 
by ricardo@optionelements.es | Ene 27, 2021 | Sin categoría
Futures are lower and currently testing the large 3800 gamma strike. Our critical risk lines jumped to 3820 overnight which is a function of put contracts added to the 3800 and 3850 strikes. Therefore 3800 is the critical “risk off” line in the sand. That being said... 
by ricardo@optionelements.es | Ene 26, 2021 | Sin categoría
Futures are flat to start the day as attention shifts towards tomorrows FOMC announcement. There was little change in SG levels overnight, buy we note that the 3900 Call Wall picked up in size due to ~15k calls being added at that strike. This is an interesting... 