SpotGamma™

S&P 500 Stock Market Gamma Trading Levels Based on Options Open Interest

AI Options Mania

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January

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Options volumes are exploding in AI stocks like NVDA and AMD. HIRO reveals their impact in real time to give you a trading edge. Join Brent Kochuba, founder of SpotGamma, for everything you need to know.

Key Takeaways

The S&P 500 maintained a tight trading range of 4,100 to 4,150 during the week ending May 12.
Despite significant efforts to push the market beyond these levels in both upward and downward directions, the influence of hedging flows in the options market effectively neutralized these attempts.
SpotGamma, through two crucial data points, has highlighted the significance of these trading ranges. The volatility trigger has acted as a support level for the S&P 500 at 4,100, while the key gamma strike has served as a resistance level at $415 on the S&P 500 ETF (SPY). These levels have effectively kept the market confined within this narrow trading range.

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