Contextual Thinking:
Yesterdayโs sharp drop was fully bought back โ for now. We're currently at a call resistance level, so the down move may continue today.
Gameplay:
Below 5205, I lean towards being cautious or outright bearish. A hypothetical selloff could intensify below 5170 (Gamma Flip level).
I'm definitely not targeting below 5100, but based on the current options pricing, the market seems to be pricing in 5100 โ yesterdayโs low โ as the most pessimistic scenario.
Caution:
Given the significant intraday swings over the past 24 hours (both up and down), the market is likely to close somewhere between the high and low of the day due to ongoing uncertainty. This is typical in such volatile conditions, and I see this as the most probable outcome.
So unless strong buying pressure or good news emerges, I expect the market to close between 5100 and 5205.
However, if we break above 5205, we could witness a positive gamma squeeze, with 5250 being the first upside target.
Yesterdayโs sharp drop was fully bought back โ for now. We're currently at a call resistance level, so the down move may continue today.
Gameplay:
Below 5205, I lean towards being cautious or outright bearish. A hypothetical selloff could intensify below 5170 (Gamma Flip level).
I'm definitely not targeting below 5100, but based on the current options pricing, the market seems to be pricing in 5100 โ yesterdayโs low โ as the most pessimistic scenario.
Caution:
Given the significant intraday swings over the past 24 hours (both up and down), the market is likely to close somewhere between the high and low of the day due to ongoing uncertainty. This is typical in such volatile conditions, and I see this as the most probable outcome.
So unless strong buying pressure or good news emerges, I expect the market to close between 5100 and 5205.
However, if we break above 5205, we could witness a positive gamma squeeze, with 5250 being the first upside target.
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โ ๐๐๐๐ผ-๐จ๐ฝ๐ฑ๐ฎ๐๐ถ๐ป๐ด ๐๐๐ซ ๐น๐ฒ๐๐ฒ๐น๐
โ IVRank โ CALL/PUT skew โ Volatility Skew โ Delta curves
๐ 7-day TRIAL ๐ TanukiTrade.com
REAL Options metrics for over 165+ liquid US symbols:
โ ๐๐๐๐ผ-๐จ๐ฝ๐ฑ๐ฎ๐๐ถ๐ป๐ด ๐๐๐ซ ๐น๐ฒ๐๐ฒ๐น๐
โ IVRank โ CALL/PUT skew โ Volatility Skew โ Delta curves
๐ 7-day TRIAL ๐ TanukiTrade.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Boost up your charts with Options PRO!
REAL Options metrics for over 165+ liquid US symbols:
โ ๐๐๐๐ผ-๐จ๐ฝ๐ฑ๐ฎ๐๐ถ๐ป๐ด ๐๐๐ซ ๐น๐ฒ๐๐ฒ๐น๐
โ IVRank โ CALL/PUT skew โ Volatility Skew โ Delta curves
๐ 7-day TRIAL ๐ TanukiTrade.com
REAL Options metrics for over 165+ liquid US symbols:
โ ๐๐๐๐ผ-๐จ๐ฝ๐ฑ๐ฎ๐๐ถ๐ป๐ด ๐๐๐ซ ๐น๐ฒ๐๐ฒ๐น๐
โ IVRank โ CALL/PUT skew โ Volatility Skew โ Delta curves
๐ 7-day TRIAL ๐ TanukiTrade.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.