by ricardo@optionelements.es | Dic 21, 2020 | Sin categoría
Futures are down sharply to 3640, but well off of the overnight lows of 3595. Covid headlines are being assigned as the reason for this move, but don’t find it coincidental that this volatility picks up directly after the large December expiration. This chart from... 
by ricardo@optionelements.es | Dic 18, 2020 | Sin categoría
Futures are up slightly ahead of the big options expiration. We advise caution for those of you trading futures around the open, as this is a large expiration prices can be jumpy. We do not anticipate a large move today, but as noted last night its next week we are... 
by ricardo@optionelements.es | Dic 17, 2020 | Sin categoría
Futures are at 3711 following a quiet overnight session. Our SG levels made some significant moves resulting in the indicative options range shifting north. 3750 is now the Call Wall which provides a higher available target in the SPX. 3700 remains the largest gamma... 
by ricardo@optionelements.es | Dic 16, 2020 | Sin categoría
Today will be interesting as futures start the day pressed up against the 3700 Call Wall. Because the Call Wall did not roll higher we still mark 3700 as the top of our range. However, 3700 is now also the largest gamma strike “magnet” on the board. In a normal... 
by ricardo@optionelements.es | Dic 15, 2020 | Sin categoría
ES is at 3665 with futures at the highs of the overnight session. After yesterdays trading we are essentially left with one large positive gamma strike at 3700, then a “void” of sorts down to 3650. The most interesting open interest changes were the addition of ~40k... 