SpotGamma Report for: 01/22/2021 AM

Daily Note: Futures have pulled back to the 3825 area, with the key SG range unchanged: 3800-3850. There was large "straddle" type volume at 3850 yesterday wherein ~40k each of puts and calls traded at that strike. That seems to have essentially filled in that 3850 level overhead which places the market in a "trough" […]