S&P 500 Stock Market Gamma Trading Levels Based on Options Open Interest
SpotGamma Report for: 05/13/2021 PM
Daily Note: Quite a snap back rally, fueled by short covering off of the back of an intense volatility crush. The S&P closed +1.22%, QQQ +0.77% and IWM +1.84%. SPX options volume was high at 1.2mm contracts, and a (very) put heavy 2.2 PC ratio. This reads like both but covering and new put positions. […]
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