Kickstart 2025: SPX GEX Outlook & Options Insights

1月6日

New Year, Renewed Energy — Critical Levels and Strategies for the Week

Critical Levels

Se detailed image below:

• Above 5940 (HVL): Expect some “chop zone” between 5940 and 6000, but with a generally bullish bias based on our Auto-GEX Profiles until friday.
  
• Above 6000: A gamma squeeze could ignite by Friday, pulling the index toward the next major resistance.
  
• Below 5900: Significant bearish momentum may take hold, targeting around 5800 (PUT support), though this scenario seems less likely right now.
  

Gamma Conditions


Short DTE options (0–2 days) exhibit positive gamma, which tends to buoy prices and make steep sell-offs more difficult.

There’s notable IV skew in the very near-term expirations (01/08–01/09). Consider focusing on the Friday (01/10) and Monday (01/13) expirations for timespread strategies.

Summary

• Upside: Holding above 5940 supports a move toward the 6000 target.
  
• Above 6000: A gamma squeeze could propel the SPX higher.
  
• Below 5900: Watch out for a stronger bearish move toward 5800.
  
• IV and skew may be erratic this week, but the positive gamma backdrop favors upside momentum.
  

There are several announcements due this week. If price whipsaws around these times, remember it’s often directly tied to those scheduled news releases—try not to panic.

Wishing everyone a responsible and successful year of options trading in 2025!

1月8日

交易進行

1/ Bearish deny at call resistance MM sold the underlying successfully
2/ Negative Gamma Profiles until Friday
3/ between 5860-5900 new support zone

1月12日

交易結束：目標達成

After reaching the bearish deny zone it dropped exactly to our put support to the end

昨天

註釋

01/20 new weekly thread: