S&P 500 Index

GammaLab Morning Briefing

212
Rate hike expectations take center stage again today, trying to price in several conflicting data points (OPEC/sanctions/ADP/Initial Claims etc)

https://www.tradingview.com/x/E03SZoSE/

Implied dealer gamma amounts to -557, which suggests a rather volatile day ahead.

Yesterday investors were adding some puts (mainly 3400/3500/3600), as fresh open interest data shows.

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