🧨 GEX Options Sentiment (TanukiTrade GEX Chart)
* Current Price: 619.91
* Major Support Wall:
* GEX Cluster Support: 618 → 617 (Highest Negative Net GEX + 3rd PUT Wall)
* Additional GEX Floor: 616.37 (PUT support overlap with SMC zone)
* Resistance Levels:
* 625.34 → First CALL Wall
* 627 → 2nd CALL Wall
* 630 → Top of CALL Gamma Resistance
* Put Wall Dominance:
* GEX7–GEX10 blocks show heavy negative pressure (-47% to -66%) centered between 617–620
* Options Flow Insight:
* PUTS OI: 41.9% – Signaling downside hedges are still dominant
* IVR: 15.3 (low), IVX avg: 18.2 – Implied volatility suggests premium selling could get tricky unless directional trend returns
🔸 Interpretation: This is a “put-heavy zone” — large GEX support clusters below price (617–618) are temporarily halting further drop, but unless SPY can reclaim 625.34, there's still gamma-driven downside risk.
🟢 1-Hour SMC Price Action
* Recent Structure:
* BOS confirmed → 626.27
* CHoCH to downside below 620 → confirmed rejection
* Current Setup:
* Price is hovering at minor demand between 617–620
* If 616.37 breaks, it opens room toward SMC demand zone at 604–606
* Strong resistance overhead at 625–627 (OB + GEX call wall + CHoCH retest)
🔸 Scenario 1 – Bullish Reclaim:
* Entry: Above 621
* Target: 625.34 → 627
* Stop: Below 616.00
* Setup: Break/retest of CHoCH + reclaim trendline
🔸 Scenario 2 – Bearish Breakdown:
* Entry: Below 616.37
* Target: 606 → 600
* Stop: Above 620
* Setup: Breakdown from demand + confirmed CHoCH retest
📌 Thoughts & Recommendations:
* Scalpers: Watch 620.50–621.00 as intraday pivot.
* If reclaimed, we may see short squeeze into 625–627
* Below 616.37, put flows will likely accelerate
* Swing Traders: Bearish bias unless 625.34 flips → consider spreads or directional puts
* Neutral Edge: This is a gamma battle zone — don’t overcommit, let price pick a side
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Trade based on your risk profile and always use a stop-loss.
* Current Price: 619.91
* Major Support Wall:
* GEX Cluster Support: 618 → 617 (Highest Negative Net GEX + 3rd PUT Wall)
* Additional GEX Floor: 616.37 (PUT support overlap with SMC zone)
* Resistance Levels:
* 625.34 → First CALL Wall
* 627 → 2nd CALL Wall
* 630 → Top of CALL Gamma Resistance
* Put Wall Dominance:
* GEX7–GEX10 blocks show heavy negative pressure (-47% to -66%) centered between 617–620
* Options Flow Insight:
* PUTS OI: 41.9% – Signaling downside hedges are still dominant
* IVR: 15.3 (low), IVX avg: 18.2 – Implied volatility suggests premium selling could get tricky unless directional trend returns
🔸 Interpretation: This is a “put-heavy zone” — large GEX support clusters below price (617–618) are temporarily halting further drop, but unless SPY can reclaim 625.34, there's still gamma-driven downside risk.
🟢 1-Hour SMC Price Action
* Recent Structure:
* BOS confirmed → 626.27
* CHoCH to downside below 620 → confirmed rejection
* Current Setup:
* Price is hovering at minor demand between 617–620
* If 616.37 breaks, it opens room toward SMC demand zone at 604–606
* Strong resistance overhead at 625–627 (OB + GEX call wall + CHoCH retest)
🔸 Scenario 1 – Bullish Reclaim:
* Entry: Above 621
* Target: 625.34 → 627
* Stop: Below 616.00
* Setup: Break/retest of CHoCH + reclaim trendline
🔸 Scenario 2 – Bearish Breakdown:
* Entry: Below 616.37
* Target: 606 → 600
* Stop: Above 620
* Setup: Breakdown from demand + confirmed CHoCH retest
📌 Thoughts & Recommendations:
* Scalpers: Watch 620.50–621.00 as intraday pivot.
* If reclaimed, we may see short squeeze into 625–627
* Below 616.37, put flows will likely accelerate
* Swing Traders: Bearish bias unless 625.34 flips → consider spreads or directional puts
* Neutral Edge: This is a gamma battle zone — don’t overcommit, let price pick a side
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Trade based on your risk profile and always use a stop-loss.
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.
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.