by ricardo@optionelements.es | Ago 27, 2020 | Sin categoría
Futures are flat overnight ahead of the Feds 9AM EST comments. The most notable thing about the data was a drawdown in SPX gamma which is surprising given yesterdays 1.1PC ratio and 1% higher market. The other interesting change is the strike now with the highest... by ricardo@optionelements.es | Ago 26, 2020 | Sin categoría
Futures are holding the 3445 area this morning after a fairly quiet overnight session. While overall gamma levels were unchanged we note that the Call Wall has shifted to 3500. 3450 remains a large interest level and key support/resistance area but our anticipated... by ricardo@optionelements.es | Ago 25, 2020 | Sin categoría
Futures popped up overnight to test and hold the 3450 area. SPX/SPY gamma levels also jumped higher indicating a solid amount of positive gamma which should keep trading ranges tight. It appears we will open on top of the High Gamma Strike which we see as resistance.... by ricardo@optionelements.es | Ago 24, 2020 | Sin categoría
Markets move higher into record territory, buoyed by Trumps statement last night. Our initial post-OPEX range into September expiration is setting up as 3400-3450. There was not much change in SPX/SPY gamma levels, which maintains the expectation of a prices which are... by ricardo@optionelements.es | Ago 21, 2020 | Sin categoría
Futures are flat to last nights close with notional gamma down a bit overnight. 3400 remains the top gamma strike and overhead resistance. We note that 3375 was added as a large OI strike, so the SPX gamma is now fairly well dispersed from 3350-3400. Whats a bit... 