by ricardo@optionelements.es | Sep 11, 2020 | Sin categoría
Today is the 9/11 anniversary, its hard to believe that tragic event was nearly 20 years ago. It always feels uncomfortable for us to discuss trading on this date, but the markets are open so we make the best of it. Futures have recovered a bit to the 3360 area. We... by ricardo@optionelements.es | Sep 10, 2020 | Sin categoría
Futures are holding that 3400 area after a fairly quiet overnight session. Gamma levels recovered some, but the Vol Trigger now shifts to 3400. Its clear based on yesterdays flows that we had puts net closed at strikes >3425 and there was about 80k in volume at... by ricardo@optionelements.es | Sep 9, 2020 | Sin categoría
Futures have recovered some this morning to 3365. Both the Vol Trigger and Zero Gamma line have shifted down to 3340, which is due to puts at nearly every strike >3370 being net closed. There was a sizeable addition to 3200 puts (~13k contracts) which is now the... by ricardo@optionelements.es | Sep 8, 2020 | Sin categoría
Note: Futures are poised to open under the key 3420 Volatility Trigger line this morning. There is a lot of interest at 3400 which may offer some support as various flows enter the market after a long weekend. We think that under 3420 the market is quite vulnerable to...
by ricardo@optionelements.es | Sep 4, 2020 | Sin categoría
Gamma holds positive as SPX has staged a small rally back to 3475. Our read on SPX is that this was a consolidation of sorts, and we didnt detect any real hedging flows. The SPY and QQQ are both in negative gamma territory. These products have been more active than... 