by ricardo@optionelements.es | Nov 25, 2020 | Sin categoría
Futures are consolidating to 3625 after an overnight high of 3655. The Call Wall shifts higher to 3700, which confirms this higher market and sets a short term range of 3600-3700. There was clearly a jump in call values yesterday as Gamma/Delta Tilt and the Risk... 
by ricardo@optionelements.es | Nov 24, 2020 | Sin categoría
Markets are higher with futures holding 3600. The Call Wall has not shifted from 3600, however gamma levels did increase at this strike overnight. This suggests that 3600 should continue to mark a large pinning/”pivot” area. If you recall market action from last week,... 
by ricardo@optionelements.es | Nov 23, 2020 | Sin categoría
Futures are up this morning likely buoyed by Pfizer’s updated vaccine release. The Nov expiration appeared to have little impact in levels with the Call Wall holding 3600 (blue arrow, below) and the Zero Gamma (red arrow) level at 3500. Whereas last week we looked... 
by ricardo@optionelements.es | Nov 20, 2020 | Sin categoría
Futures are syncing back with yesterdays closing levels after a brief test of 3540 overnight. SG levels are mainly unchanged ahead of the AM SPX OPEX. As mentioned several times this week this SPX OPEX isn’t particularly large, but there is a lot of single stock names... 
by ricardo@optionelements.es | Nov 19, 2020 | Sin categoría
Futures are flat to last nights close at 3566, with a large shifts in SG levels. First we’d note the Call Wall has jumped to 3700. This is a function of 27k puts being added to the 3600 strike yesterday. Generally, we read the Call Wall going higher as a bullish... 