CMG Weekly H&S Forming Into +GEX Level

2023年1月24日

- weekly is forming right shoulder in distribution cycle right at 1600 psych + positive gamma level
- consistent with /ES local top of 4060 (or 4200 on impulse wave)
- invalidated if break above 1630s
- high risk counter trend trade against current market conditions & positive gamma ratios
- BTO Feb 1400p @ 10.85
- IV on puts is cheap + upcoming ER should elevate Feb premiums
- gamma conditions for this week and next week's expiry outlined below

Ticker: CMG
Exp. Dates. Greater Than: 2023-01-27
Total_OI:= 39443.00
COTMC:= 1694.77
CITMP:= 1634.34
COI:= 1600.00
plus_GEX:= 1600.00
Spot_Price:= 1596.86
COTMP:= 1571.13
Pos_Trans:= 1535.00
ZeroGEX:= 1505.00
CITMC:= 1493.08
SMA50:= 1488.47
EMA21:= 1487.95
Neg_Trans:= 1440.00
POI:= 1400.00
minus_GEX:= 1400.00
GEX_Ratio:= 1.63

Ticker: CMG
Exp. Dates. Greater Than: 2023-02-03
Total_OI:= 35202.00
COTMC:= 1694.77
CITMP:= 1634.34
COI:= 1600.00
plus_GEX:= 1600.00
Spot_Price:= 1596.86
Pos_Trans:= 1575.00
COTMP:= 1571.13
ZeroGEX:= 1505.00
CITMC:= 1493.08
SMA50:= 1488.47
EMA21:= 1487.95
Neg_Trans:= 1440.00
POI:= 1400.00
minus_GEX:= 1400.00
GEX_Ratio:= 1.49