SpotGamma Report for: 02/22/2021 AM

Daily Note: Futures are down from Friday near the 3875 level. Notional gamma levels are zero for S&P500, and negative for QQQ/NDX and RUT/IWM. This implies high volatility and a larger directional move today.  The Volatility Trigger (our critical risk line) stands at 3865, with appeared to hold as overnight support. 3900 remains as the […]