GammaLab

SPX Gamma Levels Wednesday

TVC:SPX   S&P 500
Lots of gamma @ 4605/4610 (125.4M gamma notional), so upside should be limited to this level. Good support @ 4560 (65.3M gamma notional) and then 4505/4510 (117.8M gamma notional). Avg range this week was 32 points and I would not expect much more. TSLA will be a factor to watch though.

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