NDX gamma notional sits at 12.2M total, gamma would turn negative under 16050. Strike with highest gamma is 16500, above that we have 0.5M located at 16525 and 0.6M at 16550. Upside target is 16850-16900 where 1.3M gamma notional is waiting to get hedged.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.