SpotGamma Report for: 01/07/2021 PM

Daily Note: Once again markets open to a sharply lower VIX (-2.7pts, 10%) which ratcheted SPX higher into the 3800 Call Wall resistance. That 3800 strike high gamma area then pinned markets from 10AM into the close.  This move in the SPX (+1.48%) should actually serve to keep realized volatility (as referenced in the AM […]