The movement overnight on 1/7-1/8 was quite impressive and did provide a large dip. However it was quickly bought up and it appears the Iran situation is deescalating. We're seeing calls trading overhead, lots of long gamma and a reduction in VIX. As such we are looking for a move to 327.5-330 (3375 -3300 SPX)
spotgamma.com
spotgamma.com
Trade closed: target reached
OPEX this week will cause positions to roll. well look to next week for a different setup.
$SPX $SPY Options Gamma Modeling
spotgamma.com
spotgamma.com
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.
$SPX $SPY Options Gamma Modeling
spotgamma.com
spotgamma.com
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.