Radar Options

ENG: Positive gamma positioning in the #SP500 sustains the bullish bias above the 7100 zone. Volatility contraction following key earnings activates vanna flows (forced dealer buying/selling as they adjust their hedges due to volatility shifts post-earnings announcement) that offset the bearish bias from bond market stress (yields currently above 5%)

### $SPX - Implied Move ### 1 DAY IMP. MOVE: 7322 - 7498 5 DAY IMP. MOVE: 7214 - 7607

### $SPX - Gamma Exposure Profile ### MAX + GAMMA LEVEL: 7631 MAX - GAMMA LEVEL: 6166

### $SPX - IV Term Structure ###

### $SPX - 0DTE Open Interest ###

### $SPX - Open Interest ###

### $SPX - Absolute Gamma Levels ###

### $SPX - 0DTE volume by strike and time ###

### $SPX - 0DTE% Volume over Total Vol ###

### $SPX - Volume by Contract ### Call vol: 2727403 Put vol: 2592697

### $SPX - Absolute Gamma Exposure ###

### $SPX - IV Term Structure ###

### $SPX - Absolute Gamma Levels ###

### $SPX - Implied Move ### 1 DAY IMP. MOVE: 7392 - 7562 5 DAY IMP. MOVE: 7287 - 7667

### $SPX - Gamma Exposure Profile ### MAX + GAMMA LEVEL: 7567 MAX - GAMMA LEVEL: 6552

### $SPX - IV Term Structure ###

### $SPX - 0DTE Open Interest ###

### $SPX - Open Interest ###

### $SPX - Absolute Gamma Levels ###

### $SPX - 0DTE volume by strike and time ###

### $SPX - 0DTE% Volume over Total Vol ###