Named before the open: support off the dominant positive strike at 7655
Posted before the open. Tested five and a half hours later.
- SPX open
- 7,666.88
- High
- 7,690.73
- Low
- 7,657.41
- Close
- 7,675.83
- 0DTE net gamma positive
- 60%
- All-expiry net gamma positive
- 80%
- VIX open → close
- 15.71 → 15.39
- VIX high
- 15.71
15:05 ET
12:44 ET
of the session's minutes
of the session's minutes
The dive and the bounce
The story
- 07:17 premarket post: overnight low near 7655, support off the dominant positive gamma strike, upper boundary 7680. PCE day.
- 11:00 — the lid: 7680 +$9.2B against -$10.6B at 7685.
- 12:44 — low 7657.41, 2.41 above 7655, which had grown to +$5.0B, nearly all puts sold.
- Then what: back to 7680 by 14:00. Only when 0DTE net gamma went negative after 15:00 did price clear it, to 7690.73.
Minute by minute
The beats
10:10 ETposted live
the post: at the charm zero line
11:00 ET
7680 at +$9.2B against -$10.6B at 7685: the lid
12:44 ET
session low 7657.41; 7655 at +$5.0B, +$4.9B of it puts
14:00 ET
7680 back to +$11.0B
15:05 ET
session high 7690.73 after net gamma flips negative
In #qo-market-data, as it happened
Posted live
At charm zero line. Lets see if it holds or we get back into suppressive territory
From the product
The dashboard at each beat
Premium Flow, Cumulative Net Delta and Gamma Flow By Strike on one screen, replayed to the minute. Real frames, nothing redrawn. Click the right of the frame to step to the next beat.
Dashboard frame 1 / 5
10:10 ET — The post: at the charm zero line
More of this session
The short cut
The short cut
9 slides
The case, slide by slide
Slide 1 / 9
Same pattern
The dive and the bounce
1:16The floor built while they sold
Sellers leaned on it all morning. The low printed two points above the strike being built.
The dive and the bounce
1:11Straight down to the dominant strike, and the VIX high in the same minute
7375 led the board in 87% of the day's reads. The low was one point above it.
The dive and the bounce
1:11VIX at 22 and a 155-point reversal off the 7250 put strike
The day after a 120-point drop. The low was seven points above one strike.
The dive and the bounce
These pages describe what the displays show and what the data did on the sessions shown. They are not trading advice, and a past session is not a forecast of a future one.