by ricardo@optionelements.es | Jul 6, 2020 | Sin categoría
Futures rallied overnight to 3170. I’d note Shanghai is up ~6% today. The SG Index & Notional gamma levels shifted higher which should help support markets – higher positive gamma infers dealers will “buy dips” as we see 3200 in reach. 3200... by ricardo@optionelements.es | Jun 30, 2020 | Sin categoría
Futures are flat to last nights close with a fairly tight overnight range. Our levels have all consolidated around 3050, with another large move (~2%) implied by todays SG Index. You can see that these notional gamma measures are more negative today despite a higher... by ricardo@optionelements.es | Jun 25, 2020 | Sin categoría
Futures do not give us much direction here as they are flat to last nights close. Levels have consolidated at 3050 and notional gamma gets a slight boost from the call buying yesterday. We seem to have reestablished the 3100 base at 3050 which gives us a similar setup... by ricardo@optionelements.es | Jun 24, 2020 | Sin categoría
Futures are down testing the 3095 area after a relatively calm (but lower) overnight session. We could have an interesting setup at open which may have us start under the key 3100 level. This is our gamma flip line (3100 largest gamma strike, 3107 Combo Strike, Zero... by ricardo@optionelements.es | Jun 23, 2020 | Sin categoría
Bizarre overnight movement in futures. Shortly after the cash close we touched 3125 and then around 11PM EST the market dropped 60 handles on Navarro trade comments. He then immedetialy walks those comments back, and markets immediately rebounded all in the course of... 