Friday (4/3/20) was an interesting day in the S&P500 market due to its rotating action around the 2500 strike. We had several data points that led us to believe that this strike would be key to the action on Friday and wanted to highlight those points. Most of these charts are only available to subscribers […]
3075 dominated volume and $SPX closes 3074.77. Gamma forecast was range of ~15 handles on day. Here is an explainer on market gamma for those new to the concept.
The last two days have had large volume at the 3000 strike in the S&P 500 and this has held the market in a very tight range around….3000. With the Fed FOMC tomorrow volume is very low, so all that is left is for dealers to pin the market where all the options volume is. […]