by ricardo@optionelements.es | Oct 28, 2020 | Sin categoría
Futures have broken down to 3340 which now places the market in control of puts. As we have discussed at length the big concern at this price level is for volatility to rapidly expand. This is because there are large Dec put positions and as the market pushes lower it... 
by ricardo@optionelements.es | Oct 27, 2020 | Sin categoría
Futures traced a fairly tight range overnight, holding the 3390 level. Flows yesterday created some interesting shifts in the options landscape. Gamma marks remain roughly the same, with 3400 as the key flip line. Our tilt ratios shifted more negative as did our risk... by ricardo@optionelements.es | Oct 23, 2020 | Sin categoría
As anticipated there was little change overnight in options levels. Futures are up over 3450 despite Trump tweeting doubts on a stimulus deal. The OI Change charts reflect the small change in volume and interest which is similar to what has printed all week. From an... by ricardo@optionelements.es | Oct 22, 2020 | Sin categoría
Futures have drifted lower overnight to 3420 and with that gamma levels drift a bit lower too. 3450 seems to be setting up as dividing line as seen here. You can see that above there are some positive gamma strikes which infers support, but we likely have negative... by ricardo@optionelements.es | Oct 21, 2020 | Sin categoría
Both futures and SpotGamma levels are little changed overnight. Much like yesterday market movements may be dictated by stimulus headlines. With current options positioning the 3400-3500 range is quite flat in gamma terms, meaning we wont see a material change unless... 