Refiner
4 posts

Refiner
@RefinerApp
Understand Scripture. Instantly. Get verse-by-verse context, explanations, and study notes-without the learning curve.



After yesterday's gamma squeeze net gamma increased by 11.25%, still lower than it was on Monday. Calls rolled up to 5700 $SPX, a #volatility and even $VIX went up on this rally. Long vols realized 1.25% vol yesterday with #market up. This is due to this heavy call activity and short and gamma squeezes going on. $SPX is trading at the 2.5 sigma of the 20DMA, that signals an overstretched state, a bubble. However I wouldn't go longer term shorts yet. As calls rolling upwards, and puts keep decaying, calls providing more deltas into the #market and gamma is supportive as well, I don't see any reason to call a top now until next Tuesday. #CPI release can harm it, I code 5610 as my primarly risk level, but 5600 $SPX is still a strong gamma wall. To the upside 5657.84 $SPX is an important support, that above the momentum can accelerate and squeeze towards 5700. If vol decreases after #CPI it even turns vanna flow on. Keep that in mind☝️ Fix strike straddle on a weekly basis foreshadows vol crush. Mean reversion threshold lvls for today: 5704.89 5687.12 5669.40 5651.63 5616.15 5598.44 5580.66 5562.95 $SPX $SPY $ES_F $QQQ $NQ $NQ_F $VIX $VVIX #optionstrading #intradaytrading #riskmanagement #stockmarket #tradingstrategy

