Some notable observations. First: As projected yesterday we keep bouncing around 1100 where massive amounts of dealer gamma is located (talk about liquidity). Second: Gamma at 1200 decreased slightly and a new put wall was established at 1000 with a concentration of minus 8.5M of gamma notional. Interestingly the level at which gamma inversion occurs jumped from 980 to 1030. If OPEX catches investors on the wrong foot volatility could erupt from there on downwards. Be careful.
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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.