TradingView SPY Chart With Gamma Range
Based on our options gamma model we see 285 in SPY as a decent support level due to size of put open interest. At the top of the range sits the volatility trigger level aka “zero gamma”. Options dealers will be buyers up to that level, but transition to sellers over that level. In our view that means that there will have to be real, sizeable buying volume to push up through that level.
SpotGamma Model Output
