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 […]
Market Analysis
Trade Analysis – NQ Futures – 24 September 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 […]
A Volatility Crush Is Masking An Unhealthy Stock Market
The following is a guest post courtesy of Michael Kramer of Mott Capital Management. The S&P 500 finished the week ending September 24 up a mere 50 basis points, a tranquil week – on the surface. Volatility was fierce to start the week, a dynamic predicted by SpotGamma and shared with their subscribers last week. […]
Trade Analysis: ES Futures (13 September 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, the SpotGamma Imp. 1 Day Move, the SpotGamma Gamma Index, and Gamma Notional for SPX […]
SpotGamma Report for: 09/20/2021 AM
Get a FREE 5 Day Trial of SpotGamma! Click here. Daily Note: Futures are down sharply to 4370, and both gamma and vanna are setup to push volatility today. As we start with a sharply negative gamma position, the SG Implied S&P500 max move for today is a large 2%. This negative gamma position doesn’t […]
Stocks With Large Options Positions Expiring on 9/17/21
Friday, September 17th is a large Triple Witching expiration which means that many stocks/ETFs/Indicies have large options positions that will be closed at 4pm EST on Friday. At SpotGamma we believe that when large options positions expire it can spark volatility in stocks. Our models estimate over 50% of single stocks have their largest options […]
Goldman: A Record $2 Trillion Options Just Traded; What It Means For Friday’s Massive Quad Witch OpEx
H/T ZeroHedge SEP 14, 2021 – 11:21 AM Now that stocks have emerged from their 5-day losing streak, narrowly averting 6 consecutive days of declines which would have been the longest such streak since the February 2020 depths of the covid crisis, attention shifts to the market’s technicals and especially Friday’s upcoming quad-witch which sees […]
Trading NQ Futures Using Vanna and HIRO
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 […]
CNBC “What Is It About the 18th/19th Day of the Month?”
Carl Quintanilla, +20 year host of CNBC seems perplexed by what happens on the 18th/19th day of each month. Options expiration. Bounce.Bounce.Bounce.Bounce. What is it about the 18th/19th day of the month?(h/t @NorthmanTrader) pic.twitter.com/BxJGrSKcyX — Carl Quintanilla (@carlquintanilla) August 23, 2021
This Might Not Be a September to Remember: Options Expiration + FOMC Risk
The following is a guest post courtesy of Michael Kramer of Mott Capital Management. The September monthly options expiration, which also happens to be a quarterly quadruple witching, occurs just days before the next FOMC meeting. As noted previously, the market appears to be anxious about this upcoming meeting, and it is easy to understand why. The prospects […]