noah

@MichaelPBento SPX flow at 300M+ bearish is a decent print but not normally the disparity I look for. 500M+ is normally the “event” It’s not always a turning point. 4/14 didn’t end up being correct. But headlines can make that hard I’d say if we get 500+ tomorrow… maybe we’re there

Options flow has been bearish all day but it really stepped on the gas at the closing bell. I remember seeing this right before we broken down at the end of February and everyone in here told me I was wrong or a dumb bear. I started scaling some SPY 700P here. Tomorrow I will be looking to pick up QQQ puts too ahead of the Fed.

@assface_private Gamma above and gamma below laughable. This thing could be violent today

@assface_private This is the first time GEX underneath is fighting back at all. I’m assuming short squeeze is over.

@assface_private @pescawesca The part I haven’t backtested, is it always? Or is it just on a heater the last few days? I don’t think it always is >. The last few days have been bizarre. There hasn’t been ANY GEX flips under. Last week it routinely flipped intraday, at least early

@assface_private @pescawesca I use both flow and GEX. I think QuantData is easier to work with. Generally, I like to see overall spy flow and 0dte agree with GEX direction, but certainly GEX has > flow the last 4 or 5 trading days. Like yesterday opened up with about 20B in GEX above spot and maybe 2 below?

@assface_private I’m longer dated so I’m just waiting. I added some today. I think 686 equivalent gets me even on my puts. I got out originally on the Sunday night dump. Can’t believe we’ve squeezed this far, but in hindsight, there was huge GEX at these strikes starting last Friday.

@assface_private Tomorrow is battleground day. First day where we don’t have overhead GEX in a while. If the rug is gonna get pulled, tomorrow is good as any to do it

@assface_private Second largest divergence in 30 days. The other largest? Local bottom.

@assface_private Normally divergences this large signal local tops and bottoms. Look at last 30 days. One of the biggest

@assface_private Since 1:50, 100M in puts flow and about -80M in call flow. Price has detached from that but SPX is fading the rally

@assface_private x.com/financialjuice…

@assface_private Ongoing negotiations

@assface_private Thought unusual whales was bugging. SPX Calls just sold off to -80M

@assface_burner And the other candle of the day: it appears someone is short calls on the 800c. Can’t find any historical opening trade, so looks like an opener. So 3 biggest flow candles look neutral to bearish under the hood

@assface_burner That huge call drop was a long time position closed for essentially break even. The largest put drop of the day was short puts being closed out for profit. Bearish.