GameStopLong
GAMMA GAMMA GAMMA GAMMELEON
Boy George this week has been nuts.
I haven't had as much time to work on the GEX tool as I had hoped but I did get some work done on testing it.
Check it out at https://www.spyvsgme.com/
A lot of gamma exposure rolled off this week and brought the gamma zero strike from 140 down to 125 and a 2.3M GEX.
Price target of 125 this week seems reasonable as total GEX has rolled positive.
Could see some relief rallies next week in the indexes as a metric ton of negative gamma exposure rolled off indexes and big names like Tesla.
Gamma Zero targets for next week look this
GME 104 -> 125
TSLA 936 -> 1045
AAPL 161 -> 165
SPY 437 -> 465
FOMC next week, if JPow remains hawkish we could see even deeper sell offs on indexes.
In that case I would be looking for lower targets. SPX still has nearly -1B GEX
GME 104 -> 100
TSLA 936 -> 900
AAPL 161 -> 160
SPY 437 -> 425
Not financial Advice. Just GEX
I haven't had as much time to work on the GEX tool as I had hoped but I did get some work done on testing it.
Check it out at https://www.spyvsgme.com/
A lot of gamma exposure rolled off this week and brought the gamma zero strike from 140 down to 125 and a 2.3M GEX.
Price target of 125 this week seems reasonable as total GEX has rolled positive.
Could see some relief rallies next week in the indexes as a metric ton of negative gamma exposure rolled off indexes and big names like Tesla.
Gamma Zero targets for next week look this
GME 104 -> 125
TSLA 936 -> 1045
AAPL 161 -> 165
SPY 437 -> 465
FOMC next week, if JPow remains hawkish we could see even deeper sell offs on indexes.
In that case I would be looking for lower targets. SPX still has nearly -1B GEX
GME 104 -> 100
TSLA 936 -> 900
AAPL 161 -> 160
SPY 437 -> 425
Not financial Advice. Just GEX
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