SpotGamma Report for: 02/17/2021 AM

Daily Note: The SPX made several attempts to breach 3950 today, but was rejected to close flat on the day. SPX options volume was strong at 1.2mm contracts, and a 1.9PC ratio. We suspect some of this volume relates to trade adjustements aahead of tomorrow AM's VIX expiration. Despite the SPX holding flat, the VIX […]