The market isn't playing fair lately. Classic TA setups are getting invalidated. Support zones crumble in seconds. Even golden cross setups fizzle out.
But this isn’t the time to quit—it’s the time to get tactical.
When technicals break, the silent signals from the options market become louder. That’s where Gamma Exposure (GEX) step in. This week, we saw aggressive institutional repositioning, unexpected volatility, and coordinated rotations into both risk and safety assets.
Let’s talk about SPY, our macro compass. Then we’ll dive into stock-specific GEX sentiment and options setups that still offer alpha.
🔎 SPY – Institutional Tug-of-War
Trend: SPY is forming a falling wedge, which could break either way. Price is sitting just above $500, after tagging the Highest Negative GEX / PUT Wall around $505–$502, which held on Friday.
GEX & Options Flow:
* PUTs at 84.7% dominate the board.
* IVR is 121.8, showing high implied volatility demand.
* Strong support from PUT walls at $502, while CALL resistance at $547–$551 could suppress any upside.
Outlook:
* If $502 breaks, momentum could drag us toward $490 or even $475.
* Bulls need to reclaim $520, flipping the key Gamma Wall.
Strategy Suggestion:
For options, consider SPY put spreads if below $505, or long SPY calls above $520 for quick squeezes—preferably with tight expiry (0DTE or 2DTE) to ride the gamma wave.
But this isn’t the time to quit—it’s the time to get tactical.
When technicals break, the silent signals from the options market become louder. That’s where Gamma Exposure (GEX) step in. This week, we saw aggressive institutional repositioning, unexpected volatility, and coordinated rotations into both risk and safety assets.
Let’s talk about SPY, our macro compass. Then we’ll dive into stock-specific GEX sentiment and options setups that still offer alpha.
🔎 SPY – Institutional Tug-of-War
Trend: SPY is forming a falling wedge, which could break either way. Price is sitting just above $500, after tagging the Highest Negative GEX / PUT Wall around $505–$502, which held on Friday.
GEX & Options Flow:
* PUTs at 84.7% dominate the board.
* IVR is 121.8, showing high implied volatility demand.
* Strong support from PUT walls at $502, while CALL resistance at $547–$551 could suppress any upside.
Outlook:
* If $502 breaks, momentum could drag us toward $490 or even $475.
* Bulls need to reclaim $520, flipping the key Gamma Wall.
Strategy Suggestion:
For options, consider SPY put spreads if below $505, or long SPY calls above $520 for quick squeezes—preferably with tight expiry (0DTE or 2DTE) to ride the gamma wave.
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.
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.