SPDR S&P 500 ETF TRUST
Updated

SPX what could happen

339
Case 1 : Retail participation pushed market to new highs. This happened once in the last day of the Oct. rally.
Case 2 : We see another gamma event, and we gap up to 350-360 as market makers cover their call wall at 350.
Case 3: We bound around and realize that this rally was not bids, but an unnatural options event.
Case 4 : Something bad happens
Trade active
It happened. MMs consumed the call wall at 365. Now does retail participate?

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