GEX levels of SPX for Weekly Option TradersAlthough the SPX is currently trading within a relatively neutral positive gamma range, it’s worth taking a closer look at what the week might hold.
This week, SPX is moving between critical resistance and support levels, which are showing significant options activity. The 5900 level is the key CALL resistance, acting as the gamma wall for the next 7 days (7DTE) . This suggests that as long as the price remains below this level, it will face strong resistance in moving higher. If the market breaks through this level, it could signal a bullish breakout, leading to increased turbulence.
🟨 DETAILED VIEW:
In case of a breakout, keep an eye on the second weaker CALL wall at 5925 and the third weaker CALL wall at 5940, which are the next potential resistance levels once the market moves past the 5900 gamma wall. These levels could play a pivotal role in the price’s upward movement and indicate further buying pressure.
🔶 HVL Level and Gamma Environment: 5830
The 5830 level represents the High Volatility Level (HVL), which determines whether we are in a positive or negative gamma environment. If SPX closes below this level, we enter the negative gamma zone, which could lead to increased market volatility. This could result in sharper price movements during the week if this level does not hold. In that case, the PUT supports come into focus.
The 5750 level marks the strongest PUT support, providing substantial downward support for the market. However, before reaching this level, it’s important to consider the emerging PUT wall at 5765, which may stop the price from falling lower. This could act as an intermediate support, slowing or even halting a decline before the 5750 level comes into play.
🔶 Implied Volatility and Time-Based Strategic Opportunities NOW
The decrease in implied volatility, as shown by the IV and IVx indicators, signals a calmer market environment. Based on IV rank and average IV levels, volatility is running lower, which presents good opportunities for various spread strategies, especially time spreads that can be optimized between the 11/01 and 11/04 time frame.
Key levels above could fuel further market movement throughout the week if a breakout occurs. CALL/PUT gamma levels on the options chain strongly outline the potential resistance and support levels, but these levels can change dynamically, especially if SPX breaks through the 5900 level.
🔶 SPX Key Levels This Week:
5900 CALL resistance – Main gamma wall, strong resistance.
5925 and 5940 – Second and third weaker CALL walls, offering additional resistance if broken.
5830 HVL – Key level determining the gamma environment.
5765 PUT wall – Emerging intermediate PUT support, which could slow a decline.
5750 PUT support – Strongest PUT gamma wall and support.
Keep these levels in mind throughout the week, as they will likely influence market movements and the volatility environment. By applying the right options strategies, this information can help you structure profitable positions.
Calls
SPOT Spotify Technology Options Ahead of EarningsIf you haven`t entered SPOT in the potential Buy area:
Now analyzing the options chain and the chart patterns of SPOT Spotify Technology prior to the earnings report this week,
I would consider purchasing the 420usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $20.95.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
BIDU Baidu Options Ahead of EarningsIf you haven`t bought BIDU before the previous breakout:
Now analyzing the options chain and the chart patterns of BIDU Baidu prior to the earnings report this week,
I would consider purchasing the 90usd strike price Calls with
an expiration date of 2024-12-20,
for a premium of approximately $2.78.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
DKNG DraftKings Options Ahead of EarningsIf you haven`t bought DKNG before the rally:
Now analyzing the options chain and the chart patterns of DKNG DraftKings prior to the earnings report this week,
I would consider purchasing the 40usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $1.94.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Break and retest of ATH's for AMZN?🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
V Visa Options Ahead of EarningsIf you haven`t bought V before the previous earnings:
Now analyzing the options chain and the chart patterns of V Visa prior to the earnings report this week,
I would consider purchasing the 282.5usd strike price Calls with
an expiration date of 2024-11-1,
for a premium of approximately $5.80.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
The most beautiful chart I have every seen on KO!🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
Retest on a GOOG Inverse H&S Pattern! 🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
Potential setup today for CHWY at close?🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
SPX 7-Minute Chart Analysis: Identifying Bullish MomentumThis SPX (S&P 500 Index) 7-minute chart provides a look into intraday bullish momentum using Heikin Ashi candles and moving averages. Here’s a breakdown of the key points and signals observed on this chart:
Key Indicators and Signals:
Call Signals:
The chart shows multiple “Call Signal” indicators (in green) along the trend, which highlight points where buying momentum is potentially entering the market. Each of these signals aligns closely with support areas or pullbacks within the uptrend, offering opportunities for entries in line with the prevailing trend.
Moving Averages (Orange and Blue Lines):
Orange Line (VWAP): The orange line tracks closer to price action and appears to act as a dynamic support level, with prices bouncing off it several times as the trend progresses upward. This moving average helps confirm the short-term bullish trend.
Blue Line (50 EMA or SMA): The blue moving average is further from the price but shows the overall upward trend. The price remains above this line, further confirming that bullish momentum is intact.
Heikin Ashi Candles:
The Heikin Ashi candles show consistent bullish candles (yellow) with few lower wicks, which indicates strong buying pressure. The limited presence of red candles reflects minor pullbacks rather than trend reversals, which is typical in a sustained uptrend.
Gray Support Zone(ORB):
There’s a gray support zone below the price AKA the opening range breakout, which was tested but held successfully. This area marks a key support level, as each time the price neared this zone, it bounced back, showing that buyers are defending this level strongly.
Analysis and Outlook:
Bullish Trend Confirmation: The consistent uptrend in SPX, supported by both moving averages and the strong Heikin Ashi candles, suggests that bullish momentum is likely to continue. The multiple “Call Signals” give confidence in the trend’s strength, indicating potential for further upside.
Entry and Exit Opportunities: You could use the pullbacks to the orange moving average or gray support zone as potential entry points, aligning with the overall uptrend. Watch for continued “Call Signal” alerts near these areas for high-probability entries.
Key Levels to Watch:
Support: Gray zone around 5,719 - 5,720 and the orange moving average.
Resistance: Look for any signs of resistance at psychological levels like 5,740 and 5,750, where some profit-taking might occur.
A clear bullish inverse head and shoulders pattern on GOOG!🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
LMT Lockheed Martin Corporation Options Ahead of EarningsIf you haven`t bought LMT before the previous earnings:
Now analyzing the options chain and the chart patterns of LMT Lockheed Martin Corporation prior to the earnings report this week,
I would consider purchasing the 625usd strike price Calls with
an expiration date of 2024-11-15,
for a premium of approximately $10.70.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
SoFi possible Cup N HandleLooking at Sofi we see the potential for a cup and handle to play out... in the near future i am looking at the 12/20/24 $9 puts expecting the price to come down to the 8.30-7.75 range... and then i will flip into buying some $8 calls for 2 months out on the strike date seeing potential upside to the 12.75 range
NASDAQ:SOFI
NASDAQ:QQQ
AMEX:SPY
TSM Taiwan Semiconductor Options Ahead of EarningsIf you haven`t bought TSM before the major breakout:
Now analyzing the options chain and the chart patterns of TSM Taiwan Semiconductor Manufacturing Company prior to the earnings report this week,
I would consider purchasing the 190usd strike price Puts with
an expiration date of 2025-1-17,
for a premium of approximately $13.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Intel GAP fill then ATHLong term calls for about two years out on INTEL is a sure fire play.
Leadership restructuring, AI chips, and a company with too much to lose.
Intel is still the number one choice for any windows pc.
It did not deserve to go down, easiest play in history, and is not going to dip under MA180, if it gets near the MA180 I would load up on a position surely or average down. Its climbing slowly and I doubt the company would get sold, if it did I can only see it becoming more bullish.
Feel free to voice your opinions in comment section bellow.
Thanks
Ben