by ricardo@optionelements.es | Dic 29, 2020 | Sin categoría
Futures are marginally higher to 3745, up from overnight lows of 3725. The Call Wall fails to roll higher, which indicates the SPX may open at our above strong resistance. This does not imply a selloff is warranted, but possibly consolidation. To that point we have... 
by ricardo@optionelements.es | Dic 28, 2020 | Sin categoría
Futures have pushed to 3720 off of the back of advancements in stimulus. This now sets up a fairly clean range of 3700 to 3750 (Call Wall). We generally look for a volatility crush to start the new year as end of year hedges roll off the books. This year may be a bit... 
by ricardo@optionelements.es | Dic 23, 2020 | Sin categoría
Wide swings in futures overnight as they tested the 3650 level before catching a bid back to the large gamma area of 3700. Options data was little changed with 3650-3700 remaining the “neutral zone”, which is really the effective SPX range extending back to early... 
by ricardo@optionelements.es | Dic 22, 2020 | Sin categoría
Futures are near 3685 after a fairly quiet overnight session. Its clear that yesterdays dip brought call buyers and thats reflected in the data (note the Tilt charts). Our gamma flip levels have consolidated at 3650 which again forms as the key downside risk level.... 
by ricardo@optionelements.es | Dic 21, 2020 | Sin categoría
