I wasn’t planning on writing today, but I saw that the equity market was higher, and I figured I’d weigh in and mention that today seems like a pre-VIX opex type of day. Thewas basically flat to up. Odd. With today being VIX opex, it looked a lot like VIX opex games, with the big gamma level clearly at 13 and that giant amount of put gamma at 13 clearly serving as resistance.
It is possible that my theory is entirely wrong. But it makes sense to me, given that today is VIX opex instead of Wednesday due to the holiday and the market being closed. The only way we will know is if today we see the VIX move higher and the S&P 500 give back the day’s gains.has blown out since the beginning of May, in fact, to levels that you typically see during periods of heightened volatility and stock moving lower.
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La source: Investingcom - 🏆 450. / 53 Lire la suite »
La source: Investingcom - 🏆 450. / 53 Lire la suite »