SPX Gamma AM
Morning. Please consult the chart above for the current gamma situation. Not much changed. As the market is hovering around the gamma inversion level and iV is low, vanna will play a role - watch the VIX.
As fresh OI data shows the new JHQX collar strikes are located at 3620 (short put), 4285 (long put) and 4695 (short call) for those who are interested. Keep a note as it might become useful again in three months.
Total gamma currently registers at -85MM, gamma "flips" at 4540.
As fresh OI data shows the new JHQX collar strikes are located at 3620 (short put), 4285 (long put) and 4695 (short call) for those who are interested. Keep a note as it might become useful again in three months.
Total gamma currently registers at -85MM, gamma "flips" at 4540.
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