03/24 SPX Weekly GEX Outlook, Options Flow

3月24日

You can see that every expiry has shifted into a stronger bullish stance heading into Friday, with GEX exposure moving upward across the board—though total net GEX is still in negative territory, while net DEX (delta exposure) is positive. This combination points toward a likely near-term rebound this week, which makes sense after testing the 5600 range last week….



Here’s a more detailed breakdown of the key zones and likely moves this week:


Bullish Target:
The current uptrend could reach 5750 on its first attempt (already reached in Monday, thx bullsh :) ). If a positive gamma squeeze emerges at that level, we might see an extension to 5800 or even 5850 as a final profit-taking zone for bulls this week.

HVL (Gamma Slip Zone):
Placed at 5680, this threshold currently supports a low-volatility environment. A drop below 5680, however, could reignite fear and fuel bearish momentum.

Put Floors & Net OI:
The largest net negative open interest (OI) cluster is at 5650, with the next key level near 5600. At 5600, net DEX reads fully positive, suggesting strong buying support if the market tests that lower boundary.

3月25日

交易進行

Monday’s GEX outlook is still projecting itself exactly the same

3月26日

交易結束：目標達成

SPX GEX levels update: Today, as was sooner or later expected, the gap filling has begun. The original Monday analysis still holds: the 5650 zone has large put liquidity, and if we reach it, a lot of take-profit trades from the bears can be expected.
Filling the gap is entirely realistic, but since we are in a transition zone, movement between the positive and negative gamma environments can be quite erratic.