jc@realjc
SPX Market Maker Gamma Profile 🪃
0dte gamma profile, 6710 to the downside is a must hold, lose it and there's room toward 6695-90 & 6675. overhead, market makers are short Calls & Puts from 6715-25-30 and 6740, their theoretical hedging requirements will assist a rally higher before running into headwinds of customer short Calls, inducing the opposite market maker hedging requirement at 6735-55. into the close, 6715, 6700, 6685-80 & 6650 with 6615 mega support. If customers close out their short Calls and spot melt higher, 6720-30, 6740 are checkpoints with 6760 mega resistance.
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