Finally a decent Range to Play in $SPY $SPX
Updated
After weeks of very wide ranges we see “trade-able” ranges forming. 2950 form as a bit of an upside resistance level. 2900 is also building as support as we move towards September Op-Ex. From our models perspective it seems like a decent bet we stay in this 2900-2950 range for the next few days. 3000 is still a very large hurdle overhead. From our note on spotgamma.com
Trade closed: stop reached
range is 3000 - 2950 now...clearly 2950 wasn't the top.
$SPX $SPY Options Gamma Modeling
spotgamma.com
spotgamma.com
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