SPX 500, DailyUpdated [๐ฌ๐ฑ/๐ญ๐ฎ] ๐ช๐ฒ๐ฒ๐ธ๐น๐ ๐ฆ๐ฃ๐ซ ๐๐๐ซ ๐ฃ๐น๐ฎ๐๐ฏ๐ผ๐ผ๐ธ
๐ IF/THEN QUICK GAMMA PLAYBOOK
๐งญ ๐๐ซ๐ง๐๐ก๐๐๐ ๐ญ๐ข๐ก๐ ๐ ๐๐ฃ/b]
โ Gamma Flip Level
5700 โ This is the confirmed Gamma Flip level = High Volatility Zone = HVL. We are comfortably above it, confirming positive gamma environment.
๐งฑ Major Call Walls / Resistance to upside from here
5900 โ Significant call resistance zone (highlighted across GEX, profile, and /matrix command). 5825โ5900 = Current rally zone โ expected stall at 5900 (Profit-taking zone)5950 โ Next mid-large positive gamma wall to the upside, mid-station between mounts. Dealers short gamma, adding fuel to breakout.6000 โ Positive Gamma squeeze continuation target. Gamma squeeze intensifies โ likely extends to 6000.๐ฆ Transition / Chop Zone
5700โ5825 โ Previous chop range. Retrace could test this before renewed upside.Currently outside and breaking up from this zone, indicating trend initiation.
Balance zone from prior structure.
Expect fade setups if price dips back in.
Needs catalyst or strong sell flow to re-enter meaningfully.
๐ก๏ธ Major Put Supports to the downside
5700 โ = HVL, also aligned with pTrans and Put support.Dealer unwind risk, downside opens.5500 โ Key level if the 5700 zone fails โ โtotal denial zoneโ of current FOMO.
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This weekโs SPX setup remains decisively bullish from a gamma perspective. The GEX profile shows strong positive gamma, with institutional and dealer hedging flows firmly positioned to support continued upsideโespecially into Fridayโs OPEX. The environment is ideal for a controlled melt-up: volatility is softening, implied volatility is trending lower, and thereโs no sign of panic in the options market.
Put pricing skew is also declining, which suggests reduced fear and a shift toward more aggressive call buyingโanother sign of bullish sentiment. Dealer positioning implies that any upward momentum is likely to be chased and hedged into, reinforcing the trend.
However, traders should stay alert: if SPX slips back below 5825, we may see a pause or retracement back into the 5700โ5825 transition zone. Only a decisive break below 5700 would flip the gamma regime back to negative and open the door to real downside volatility.
- IF > 5825 THEN path to 5900 โ stall/profit-taking likely
- IF > 5900 THEN path to first 5950, then 6000 โ gamma squeeze extension zone
- IF < 5825 THEN path to 5700 โ test of transition zone support
- Chop Zone: [5700โ5825] โ re-entry = short-term balance/testing zone
- IF < 5700 THEN path to 5500 โ gamma flush / dealer unwind risk
๐งญ ๐๐ซ๐ง๐๐ก๐๐๐ ๐ญ๐ข๐ก๐ ๐ ๐๐ฃ/b]
โ Gamma Flip Level
5700 โ This is the confirmed Gamma Flip level = High Volatility Zone = HVL. We are comfortably above it, confirming positive gamma environment.
๐งฑ Major Call Walls / Resistance to upside from here
5900 โ Significant call resistance zone (highlighted across GEX, profile, and /matrix command). 5825โ5900 = Current rally zone โ expected stall at 5900 (Profit-taking zone)5950 โ Next mid-large positive gamma wall to the upside, mid-station between mounts. Dealers short gamma, adding fuel to breakout.6000 โ Positive Gamma squeeze continuation target. Gamma squeeze intensifies โ likely extends to 6000.๐ฆ Transition / Chop Zone
5700โ5825 โ Previous chop range. Retrace could test this before renewed upside.Currently outside and breaking up from this zone, indicating trend initiation.
Balance zone from prior structure.
Expect fade setups if price dips back in.
Needs catalyst or strong sell flow to re-enter meaningfully.
๐ก๏ธ Major Put Supports to the downside
5700 โ = HVL, also aligned with pTrans and Put support.Dealer unwind risk, downside opens.5500 โ Key level if the 5700 zone fails โ โtotal denial zoneโ of current FOMO.
-----------------------------
This weekโs SPX setup remains decisively bullish from a gamma perspective. The GEX profile shows strong positive gamma, with institutional and dealer hedging flows firmly positioned to support continued upsideโespecially into Fridayโs OPEX. The environment is ideal for a controlled melt-up: volatility is softening, implied volatility is trending lower, and thereโs no sign of panic in the options market.
Put pricing skew is also declining, which suggests reduced fear and a shift toward more aggressive call buyingโanother sign of bullish sentiment. Dealer positioning implies that any upward momentum is likely to be chased and hedged into, reinforcing the trend.
However, traders should stay alert: if SPX slips back below 5825, we may see a pause or retracement back into the 5700โ5825 transition zone. Only a decisive break below 5700 would flip the gamma regime back to negative and open the door to real downside volatility.
Trade active
๐ถ ๐ช๐ฒ๐ฒ๐ธ๐น๐ ๐๐๐ซ ๐จ๐ฃ๐๐๐ง๐ for ๐ฆ๐ฃ๐ซIt looks like our Weekly SPX GEX Playbook is still playing out โ 5900 is indeed proving to be strong call resistance, just as the weekly GEX levels suggested in advance.
Whatโs next?
Will the market attempt a fake breakout toward 6000, or is this where the V-shaped rebound comes to an end?
Let's see, we are prepared for both scenario!
Trade closed: target reached
Sideways here for 2 days....I'm better to close my whole weekly SPX timespread portfolio in $620 profit for this week.Next week -> next trade.
Note
FOLLOWUP for this week:
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โ IVRank โ CALL/PUT skew โ Volatility Skew โ Delta curves
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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.