by ricardo@optionelements.es | Oct 20, 2020 | Sin categoría
Futures are holding the 3450 area after a quiet overnight session. Key levels remain the same as yesterday with 3400 remaining critical support and 3500 the main overhead resistance. Some light put positions were closed yesterday so we do have a small band of positive... by ricardo@optionelements.es | Oct 19, 2020 | Sin categoría
Futures have retraced the late Friday swoon and are trading near 3490. Our gamma index does not pick up that much of a change from Fridays close and is anticipating at a 1% range today. 3500 is still registering as the largest gamma strike, with very little in the way... by ricardo@optionelements.es | Oct 16, 2020 | Sin categoría
Futures were fairly flat overnight, holding the 3475 area. Today on the cash open we have approximately 1.4mm puts and 650k calls expiring in SPX. For those of you trading futures we’d exercise caution in and around the opening print as wild, rapid shifts can occur.... by ricardo@optionelements.es | Oct 15, 2020 | Sin categoría
Futures are under pressure this morning at 3460, with an overnight low of 3433. Several EU markets are off more than 2% with stimulus and corona virus are being cited for the weakness. We’ve essentially unwound Mondays large gap higher and are back to last... by ricardo@optionelements.es | Oct 14, 2020 | Sin categoría
Futures are at 3510 after a quiet overnight session with a slew of banks reporting this AM. Gamma levels are flat to yesterday, but we saw a change in positioning around 3525. A bit similar to Mondays big volume at 3500 there was large volume at 3525 (45k puts, 25k... 