S&P 500 E-mini Futures

Long

Options Data Sets New Higher Range

By SpotGammaModel

Updated

Now that November OPEX is over we turn to December. The options data ranges set themselves higher indicating a new target overhead of 3150. Market gamma overall is very high suggesting tight trading ranges and a low volatility market. spotgamma.com

Note

3125 is the new high gamma strike meaning we should hold 3125. if volatility keeps coming down then 3150 is the target.

Trade closed: target reached

Large options gamma at 3150 + no sign yet of a roll higher means risk reward favors closing trade

$SPX $SPY Options Gamma Modeling
spotgamma.com

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