SPX Noon Update
Updated
Gamma decreased further to 163M, but we are still in positive gamma territory, sitting right above a cluster of put barriers. Gamma inversion now at 4640. Most prominent put barrier at 4600 with -14M notional.
Note
Very strong 7Y auction. Yield 1.5888%, When-Issued 1.598%. Bid/Cover 2,42 cs 2.25 last.
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