Iran was the excuse to take a break
The market has been very hot with lots of call positioning that was continuously rolled higher spurring a large rally. 325 (3250 SPX) has been a ceiling for some time and we've been unable to breach that level. The Iran news adds uncertainty which increases implied volatility and hedging. This makes puts more influential. Coupled with a "tired" market I think we may see a ~3-5% correction. 315 is our zero gamma level and where we would look to take profits. 325 is where we cover our short.
Trade fechado: stop atingido
After the amazing dip buying that occurred last night this idea is closing as we think avoidance of war will drop volatility enough to drive prices higher.
$SPX $SPY Options Gamma Modeling
spotgamma.com
spotgamma.com
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$SPX $SPY Options Gamma Modeling
spotgamma.com
spotgamma.com
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.