S&P 500 gamma pre-EOD update
I do not have much time tonight and there might be or might not be a full EOD update, so here is a quick note without much commentary regarding the current gamma situation.
Today the market was a classical example of "gamma strike hopping" and currently the S&P 500 is pushing into the 4700 strike. Most open interest is located here, so this will be an important resistance/support/pin level.
I am out of here and check back later, hopefully with more color.
Cheers!
PS: I was asked in the comments if I could do more TSLA again and the answer is: YES, I will do a LOT more Tesla and other products next year, stay tuned!
Today the market was a classical example of "gamma strike hopping" and currently the S&P 500 is pushing into the 4700 strike. Most open interest is located here, so this will be an important resistance/support/pin level.
I am out of here and check back later, hopefully with more color.
Cheers!
PS: I was asked in the comments if I could do more TSLA again and the answer is: YES, I will do a LOT more Tesla and other products next year, stay tuned!
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