Market Analysis
Trade Analysis: ES Futures (12 October 2021)
The following is a guest post from Doug Pless. As I have discussed in previous articles, I begin my morning preparation by reading the SpotGamma AM Founder’s Note when I plan to trade futures. For ES futures, I note gamma levels, the SpotGamma Imp. 1 Day Move, the SpotGamma Gamma Index, and Gamma Notional for […]
YouTube Live: 10/12/21 2PM ET Notes
Join us today at 2pm ET as Brent from SpotGamma talks with Imran from Options-Insight. SOFI Gamma Squeeze HIRO: Hedging Impact of Real Time Options BITCOIN Energy EXTRA CREDIT – AMC REALIZED VS IMPLIED
Trade Analysis: ES Futures (6 October 2021)
The following is a guest post from Doug Pless. As I have discussed in previous articles, I begin my morning preparation by reading the AM Founder’s Note when I plan to trade futures. For ES futures, I note gamma levels, the SpotGamma Imp. 1 Day Move, the SpotGamma Gamma Index, and Gamma Notional for SPX […]
Earnings Uncertainty Could Cause a Market Meltdown
The following is a guest post courtesy of Michael Kramer of Mott Capital Management. As uncertainty ticks higher in markets, volatility tends to follow. There is a tremendous amount of doubt building in the equity markets, especially regarding corporate earnings. With the market on the cusp of earnings season, volatility may see a massive spike. […]
Trade Analysis: NQ Futures – 1 October 2021
The following is a guest post from Doug Pless. As I have discussed in previous articles, I begin my morning preparation by reading the SpotGamma AM Report when I plan to trade futures. For ES futures, I note gamma levels and key metrics for SPX and SPY. For NQ futures, I note Gamma Notional, and […]
Negative Gamma & Volatility
September has a few spurts of volatility, particularly around 9/20/21 September options expiration, and the 9/22 FOMC. One of the primary metrics we produce for traders is our “volatility trigger”, which defines where we believe options dealers position flips from a positive gamma position, to a negative gamma position. We’ve plotted out this level in […]
SpotGamma Report for: 10/01/2021 AM
Daily Note: Large swings in futures overnight. Overnight lows were 4260 before ripping higher to 4315. As such we’ve rerun our models to reflect current ES levels. Regardless, as gamma is quite negative until SPX >4375 then there will be no stability in price. Key support is at 4302 with resistance at 4375, and 4400. […]
SpotGamma Report for: 09/30/2021 AM
Daily Note: More choppy action in futures overnight which hit overnight highs of 4389 (~4400 SPX equivalent) before dropping back to last nights close of 4365. Due to it being the quarter end OPEX, we expect volatile action similar to yesterday. 4400 is major resistance, with 4361 support. There is a decent chunk of index/etf […]
JP Morgan Collar Trade
Below we have posted some recent updates regarding the JPMorgan Hedged Equity Fund (JHEQX) roll. Scroll down further to read & watch about the mechanics of the collar trade itself. UPDATE: 3/30/23 The current JPM position: These positions will expire tomorrow, and roll to a new position for June expiration. On expiration, the JPM fund […]
