S&P 500 Stock Market Gamma Trading Levels Based on Options Open Interest
Macro Theme: Rallies into June OPEX should be categorized as “short covering” and subject to failure.We look for "positive drift" into 6/30 expiration, $4000 is our major upside level into 6/30 June OPEX.The $3600 JPM 6/30 short put strike (3620) is our major downside support into June 30th.6/30 exp removes large put positions and may expose the […]
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