SPX Gamma Levels Tuesday

2021年11月9日

Travel soccer took a toll and I was not able to post gamma updates Monday. 4700 is again the level with the highest concentration of gamma. More positive gamma = more anti-cyclical dealer hedging (buying into weakness, selling into strength), so prices should be sticky around this level and volatility low. Next target would be 4750. Interestingly call/put gamma ratio dropped to only 1.68, which is slightly bearish.

Enjoy!

2021年11月9日

註釋

TSLA is dragging markets down. From am gamma perspective there is no major pivot level below current price left. AT 4650 we have about 18M gamma located. "Gamma Flip" occurs at 4552. I doubt that we can reach this level even in a catastrophic scenario.