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S&P 500 Stock Market Gamma Trading Levels Based on Options Open Interest

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options gamma levels

May 12 2020

SPX Options Levels & ES Futures Trading

The heatmap of SPX on May 11 shows large OI levels at 2950, 2930 call node, and 2900 plus a volume profile.

We believe that strikes with high open interest in the SPX create support and resistance lines for ES Futures trading. Here is one prime example. At top is the morning note we sent to subscribers at at the bottom you see those levels noted in the Bookmap futures trading platform. Futures currently trade at a […]

Written by SpotGamma · Categorized: Market Analysis · Tagged: futures, open interest, options gamma levels

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