S&P 500 Stock Market Gamma Trading Levels Based on Options Open Interest
SpotGamma Report for: 04/21/2021 PM
Daily Note: A strong push higher in markets with the SPX +98bps, QQQ+86bps and IWM+244bps. The VIX dropped to 17.18, and SPX options volume was solid at 1.1mm contracts. As we were suggesting earlier, the inability of the market to "act" on the drawdown likely lead to this snapback "vanna" rally. Implied volatility was building, […]
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