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mag7

Feb 22 2026

Right Tail Risk Is Building in the S&P 500

The market spent most of last week locked in the SPX 6,800–6,900 range that has largely held since Thanksgiving. Wednesday’s VIX expiration and Friday’s monthly OPEX defined the week’s rhythm, while negative gamma positioning and elevated single-stock put demand maintained pressure under the surface. Our historical OPEX data suggests the market is positioned for a […]

Written by Simon Scholten · Categorized: Market Analysis, SpotGamma Weekly · Tagged: Compass, dealer gamma, dealer positioning, iv, mag7, negative gamma, OPEX, positive gamma, spotgamma weekly, SPX, Synthetic OI, volatility

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