Gamma Archive Examples

Dynamic Trend Gamma
Friday October 23rd - $SPX

The $SPX found support at the 7620 Gamma Level.
From there it traded between Gamma Levels simply following the direction of the Options Volume Sentiment.
 
Identifying the LARGEST GAMMA Level is critical, as the markets tend to test it frequently.
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Dynamic Trend Gamma
Thursday October 22nd - $SPY

The SPY opened lower with a gap. The question is, could it go lower to the Gamma Level at 762, which was below the 100% of the range.
 
The answer lies in the DT Trend Index (Mag 7 strength).
 
When it is below -3000, there is a lot of sell hedging coming from the Mag 7 stocks unrelated to the SPY 0DTE hedging.
 
This usually indicates a lower level can be tested.
 
Identifying the LARGEST GAMMA Level is critical, as the markets tend to test it frequently.
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Dynamic Trend Gamma
Wednesday October 21st - $SPY

The SPY found support at the Large Gamma Level at 769, which was also the Gamma Switch Level.
 
From there, with the help of Call Sentiment increases, the SPY managed to get close to the 775 Gamma Level.
 
Identifying the LARGEST GAMMA Level is critical, as the markets tend to test it frequently.
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Dynamic Trend Gamma
Monday October 20th - $SPX

After an initial fake out at the open, the $SPX bounced off the 7670 Gamma Level.
 
With a quick bounce in Options Volume Sentiment (Calls), the $SPX traded to the 7750 Gamma Level.
 
Identifying the LARGEST GAMMA Level is critical, as the markets tend to test it frequently.
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Dynamic Trend Gamma
Monday October 19th - $SPY

The SPY offered the best view on the Gamma Levels.
The 770 Gamma Level was near the 100% of the range.
 
To get here, you would need both Call Sentiment and a 3000+ DT Index reading.
 
As both were available, the SPY traded to the 770 Gamma Level.
Once the level was reached, the buy hedging dropped off.
 
Identifying the LARGEST GAMMA Level is critical, as the markets tend to test it frequently.
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Dynamic Trend Gamma
Friday October 16th - $SPX

The -3000 and below reading on the DT Index shows substantial sell hedging in Mag 7 Stocks.
As discussed in our webinars, this leads to targets below the 100% range.
 
That target happened to be the 7650 Gamma Level, the first Gamma Level outside the 100% range.
 
With the Options volume Sentiment showing PUTS all day, the $SPX easily found this target.
 
Identifying the LARGEST GAMMA Level is critical, as the markets tend to test it frequently.
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Dynamic Trend Gamma
Thursday October 15th - $SPY

The SPY offered the best view on the Gamma Levels.
You could have seen similar levels on the $SPX, but you had to increase the Gamma Levels to about 7.
 
At the opening, the SPY Slammed down to the 765 Gamma Level and rallied back up with a 3 bar reversal.
Along with that, the Calls Sentiment started to build up.
 
This allowed the SPY to rally to the largest Gamma Level above at 772.
 
Also the low was near the 100% of the range. The DT Trend Index rallied from the open and never stayed below -3000.
As we discuss in the Tuesday webinars, this is usually positive.
 
Identifying the LARGEST GAMMA Level is critical, as the markets tend to test it frequently.
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Dynamic Trend Gamma
Friday October 9th - $SPX

With Strong Call Sentiment, the $SPX traded to the Largest Gamma Level at 7820.
 
Please note, the 7820 is the max 0DTE Buy hedging that was needed.
Please do not get greedy and look for more, as once the Buy Hedge is complete, the market is suspect to a sell off towards the close.
 
Identifying the LARGEST GAMMA Level is critical, as the markets tend to test it frequently.
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Dynamic Trend Gamma
Thursday October 8th - $SPX

While the 0DTE concept we discuss in our webinars worked out well, it was difficult to maneuver during the day.
There was a few bars of spike action due to oil related news, which sort of created some confusion.
 
In the end, there were Gamma Levels 7730, near the 100% of the range along with enough of the PUT sentiment feedback.
But to test 100% of the range, you typically need +/- 3000 reading on the DT Index.
 
For a brief period, the Mag 7 DT Index did get below -3000, allowing the $SPX to test the Gamma Level near the 100% of the range.
 
Identifying the LARGEST GAMMA Level is critical, as the markets tend to test it frequently.
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Dynamic Trend Gamma
Tuesday October 6th - $SPX

Initially there were 2 strong waves of call Sentiment, and the $SPX tested the Gamma Levels above.
 
At around noon EST, the Volume Sentiment turned negative and the $SPX sold off a little.
 
Identifying the LARGEST GAMMA Level is critical, as the markets tend to test it frequently.
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Dynamic Trend Gamma
Monday October 5th - $SPX

The $SPX opened above the Gamma Switch Level at 7710, indicating an upward Buy Hedge bias.
 
Once Calls started to build up, the feedback loop to the upside began.
 
First target would be a Large Gamma Level near the 50% range levels. Either 7750 or 7760.
 
Normally you would pick a Large Gamma Level near the 50% of the range and look for the Options Volume feedback loop to drive the $SPX to that level.
 
However, as we discussed in the webinars, if the DT Index representing the Mag 7 Buy Hedge stays above 3000+, this indicates additional Buy Hedging pressure from the Mag 7 stocks.
 
Consistently staying above 3000+ along with an ongoing feedback loop, allows you to look to a large gamma Level near the 100% of the range.
In this case that level was 7800.
 
The $SPX got very close but ran out of time for the day.
 
Identifying the LARGEST GAMMA Level is critical, as the markets tend to test it frequently.
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Dynamic Trend Gamma
Friday October 2nd - $SPX

With a robust gap up, the $SPX tested the largest Gamma Level available at 7750.
Notice this level was above the 100% range, and the only way to reach this was to have support from the Mag 7 Index.

The DT Trend Index traded above the 3000+ level, providing the Mag 7 Buy Hedge support to enable the $SPX to reach outside the 100% range.

But, the market ran out of any higher Gamma Levels, and once the Puts started to accumulate, the high was in.
Then they mostly went home by lunch time.

Identifying the LARGEST GAMMA Level is critical, as the markets tend to test it frequently.

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Dynamic Trend Gamma
Thursday October 1st - $SPY

The SPY was contained by the two Gamma Levels at 760 and 765.
Which was near the 50% of the range.
 
There were Gamma Levels near the 100% levels, but to get that far, you need outside help.
Meaning Mag 7 hedging greater than 3000.
 
The DT Trend Index shows very little movement in the Mag 7, and as such, no outside help was available.
 
Identifying the LARGEST GAMMA Level is critical, as the markets tend to test it frequently.
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Dynamic Trend Gamma
Wednesday September 30th - $SPX

Initially the $SPX tried to rally, but once the Put Sentiment took over, the market sold off.
The $SPX tested the major Gamma Level at 7650
Identifying the LARGEST GAMMA Level is critical, as the markets tend to test it frequently.
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Dynamic Trend Gamma
Friday September 25th - $SPX

Set it to 5 Gamma Levels to see the 7750 level.
 
The $SPX opened and sold off to the Gamma Level at 7700.
 
From there, the Options Volume Sentiment started to build up CALLS.
Eventually, the Call feedback loop enabled the $SPX to test the 7750 Gamma Level.
 
Identifying the LARGEST GAMMA Level is critical, as the markets tend to test it frequently.
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Dynamic Trend Gamma
Wednesday September 23rd - $SPX

The $SPX opened below the Gamma Switch with potential to trigger Sell Side Hedge.
 
The PUTS quickly picked up and exceeded 250k, then 500k then 750k
This indicates heavy potential of feedback loop causing Larger Sell hedging as we discuss in webinars
 
The third ingredient for a Massive sell Hedge - The Mag 7 Stocks did not enter the -3000 to -4000 strength to the downside.
So full outside strength was not available.
 
Nevertheless, the Options Volume Sentiment provided a good feedback loop to get the $SPX to test the 7700 Gamma Level.
 
Identifying the LARGEST GAMMA Level is critical, as the markets tend to test it frequently.
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Dynamic Trend Gamma
Monday September 21st - $SPY

The SPY offered better Gamma Levels.
 
1) Notice we opened and tested the 100% range right away.
As discussed in our webinars, to get close to or exceed 100% range, the following has to be observed:
 
a) Extremely strong and continuous CALL build up where the Call Sentiment Index exceeds 500k or more.
The total CALL Sentiment Index not only was greater than 500k, it exceeded 3000k
 
b) Massive outside buy hedge has to come in.
Being way above the Gamma Switch Level, the DT index Strength was massively to the Buy hedge.
This means, the Mag 7 stocks were being bought in large (unlimited) quantities to continue the delta hedge.
Usually a DT Index number greater than 4000 is pretty strong. Today we saw upwards of 11,000 on this Index.
 
With all the conditions available, the SPY marched along to new highs taking one Gamma Level after the other.
 
The final high rested within ticks of a Real Time Gamma Level transposed from the $SPX to SPY (774.85), using our webinar instructions.
 
Identifying the LARGEST GAMMA Level is critical, as the markets tend to test it frequently.
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Dynamic Trend Gamma
Friday September 18th - $SPX

The $SPX initially sold off to test the 7620 Gamma Level and more.
 
Then out of the blue, the Options volume Sentiment switched to CALLS.
With a substantial build up in CALLS, the $SPX rallied straight to the 7645 Gamma Level.
 
While the low did not have a Gamma Level to bounce off. (except for the speed bump level from the previous low).
The key is to follow the CALLS and identify the feedback loop to the upside, like we discuss in our webinars.
 
Identifying the LARGEST GAMMA Level is critical, as the markets tend to test it frequently.
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Dynamic Trend Gamma
Wednesday September 16th - $SPX

Had to use 20 strike levels to allow for the large range.
 
Once the rate hike came in, the Options Volume Sentiment switched to PUTS.
With the wave after wave of PUTS build up, a classic Feedback loop was triggered to Sell hedging in the underlying.
 
At that time, the only thing left was to figure out how low will the $SPX go.
Simply look to the Gamma Levels below as we discuss in our webinars.
 
Identifying the LARGEST GAMMA Level is critical, as the markets tend to test it frequently.
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Dynamic Trend Gamma
Monday September 14th - $SPX

Had to use 6 top Gamma Levels to see the Minor Gamma Level at 7650.
When the space without Gamma Levels is too large, increase the top Gamma Levels like we discuss in our Webinars
 
The $SPX traded lower to the 100% range, and there was no additional Gamma Levels below.
So on the 2nd attempt, the Options Volume switched to CALLS and the $SPX rallied higher to the Minor Gamma Level at 7650
 
Identifying the LARGEST GAMMA Level is critical, as the markets tend to test it frequently.
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Dynamic Trend Gamma
Tuesday September 8th - $SPX

With a quick opening build up in PUT Sentiment, the $SPX sold off to the largest Gamma Level at 7675.
 
There was nothing below. So once the downside hedging was over, the $SPX traded between 2 available Gamma Levels 7675 and 7695
 
Identifying the LARGEST GAMMA Level is critical, as the markets tend to test it frequently.
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Dynamic Trend Gamma
Friday September 4th - $SPY

The $SPX offered no meaningful Gamma Levels.
So switched to SPY as discussed in webinars. (you could have also used the $SPX Ultra Short Term Gamma levels as well).
I prefer the SPY.
 
Initially, there was a substantial build up in PUTS and the SPY sold off to the 769 Level.
 
After that, in typical pre-holiday mode, the SPY drifted with the Small changes in the Options Volume Sentiment.
 
Have a great Labor Day Weekend.
 
Identifying the LARGEST GAMMA Level is critical, as the markets tend to test it frequently.
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Dynamic Trend Gamma
Thursday September 3rd - $SPX

With a very strong Options Volume Sentiment and a follow up with heavy Mag 7 Buy Hedging, the $SPX rallied to the 7745 Gamma Level.
 
Identifying the LARGEST GAMMA Level is critical, as the markets tend to test it frequently.
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Dynamic Trend Gamma
Tuesday September 1st - $SPY

The SPY initially rallied after a steep down open.
 
However, the rally ran out of steam at the 2nd attempt to go higher.
At this time, the Options Volume Sentiment switched to PUTS and went into a feed back loop to the downside.
All of these are discussed in our Tuesday Webinars.
 
Identifying the LARGEST GAMMA Level is critical, as the markets tend to test it frequently.
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Dynamic Trend Gamma
Tuesday September 1st - $SPY

The SPY initially rallied after a steep down open.
 
However, the rally ran out of steam at the 2nd attempt to go higher.
At this time, the Options Volume Sentiment switched to PUTS and went into a feed back loop to the downside.
All of these are discussed in our Tuesday Webinars.
 
Identifying the LARGEST GAMMA Level is critical, as the markets tend to test it frequently.
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Dynamic Trend Gamma
Friday August 28th - $SPX

Right at the end of the Fed speech, the Call Sentiment build up sent the $SPX to test the 77000 level.
Notice it was at the 100% of range, meaning any Gamma Levels above are suspect, unless the CALLS continue to buildup.
 
At the second attempt at highs, the options Volume Sentiment switched to PUTS and continued a strong build up in PUTS.
This created a feed back loop to the sell side hedge, and the $SPX traded straight to the 7700 Gamma Level.
 
Identifying the LARGEST GAMMA Level is critical, as the markets tend to test it frequently.
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Dynamic Trend Gamma
Thursday August 27th - $SPX

The $SPX tried to trade to the Largest Gamma Level at 7750 but missed the mark.
 
At the second attempt high, the Sentiment went PUTS and drove the $SPX down.
 
As we discussed in Tuesday's webinar, both feedback loops were initially available (Mag 7 Hedge buy + Options Volume CALL Sentiment)
 
Identifying the LARGEST GAMMA Level is critical, as the markets tend to test it frequently.
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Dynamic Trend Gamma
Monday August 24th - $SPY

The SPY traded right to the Largest Gamma Level at 765. Could not get through.
 
The Options Volume Sentiment was dead even for the day. Perhaps waiting for the economic news on Wednesday!
 
Identifying the LARGEST GAMMA Level is critical, as the markets tend to test it frequently.
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Dynamic Trend Gamma
Thursday August 20th - $SPX

The $SPX traded lower top to the 7640 Gamma Level.
Please note the PUT Sentiment build up, plus the Mag 7 stocks hedge selling as we discuss in the webinars.
 
Identifying the LARGEST GAMMA Level is critical, as the markets tend to test it frequently.
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Dynamic Trend Gamma
Monday August 17th - $SPX

The $SPX traded lower in the direction of the Options Volume PUT Sentiment.
 
Identifying the LARGEST GAMMA Level is critical, as the markets tend to test it frequently.
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Dynamic Trend Gamma
Thursday August 13th - $SPY

The SPY traded between two Gamma Levels 775 and 780.
 
The Options Volume Sentiment led the direction between the 2 Gamma Levels.
 
Identifying the LARGEST GAMMA Level is critical, as the markets tend to test it frequently.
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Dynamic Trend Gamma
Tuesday August 11th - $SPY

The SPY failed to get past the Gamma Switch Level.
Immediately, look for weakness in the DT Strength Index to see if Mag 7 hedge selling shows up.
 
It did and with the Sentiment switching to PUTS, the spy sold off to the lower Gamma Levels.
 
Please note: used 5 strikes to see the minor Gamma Level at 770.
 
Identifying the LARGEST GAMMA Level is critical, as the markets tend to test it frequently.
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Dynamic Trend Gamma
Monday August 10th - $SPX

The $SPX traded between two Gamma Levels today. That's all the market had to offer.
 
Identifying the LARGEST GAMMA Level is critical, as the markets tend to test it frequently.
 
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Dynamic Trend Gamma
Wednesday August 5th - $SPX

Initially there was Call Sentiment build up, but the $SPX simply traded sideways instead of reacting upwards.
This usually is a sign of weakness.

Then around 10:20 AM Est, the PUT Sentiment started to build up, enabling the $SPX to trade to the Largest Gamma Level at 7750.

When there are smaller Gamma Levels underneath (nearby), the $SPX tends to test those levels as well.
This enabled the $SPX to test the 7725/7730 Gamma Levels which were close by.
We discuss this in the Webinars frequently.

There was some CALL Sentiment after the lows, but the $SPX simply ignored it and traded sideways for the rest of the day.

Identifying the LARGEST GAMMA Level is critical, as the markets tend to test it frequently.

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Dynamic Trend Gamma
Wednesday August 5th - $SPX

Initially there was Call Sentiment build up, but the $SPX simply traded sideways instead of reacting upwards.
This usually is a sign of weakness.

Then around 10:20 AM Est, the PUT Sentiment started to build up, enabling the $SPX to trade to the Largest Gamma Level at 7750.

When there are smaller Gamma Levels underneath (nearby), the $SPX tends to test those levels as well.
This enabled the $SPX to test the 7725/7730 Gamma Levels which were close by.
We discuss this in the Webinars frequently.

There was some CALL Sentiment after the lows, but the $SPX simply ignored it and traded sideways for the rest of the day.

Identifying the LARGEST GAMMA Level is critical, as the markets tend to test it frequently.

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Dynamic Trend Gamma
Tuesday August 4th - $SPX

With the $SPX going outside the normal range, we had to switch to Real Time Gamma.

All the ingredients were there for a massive rally.

Gamma Levels at 7750
Options Volume sentiment was all CALLS and building up continuously without any let down
DT Index Strength (Mag 7 stocks in full Buy hedge mode)

With all three of the above, the $SPX traded to the 7750 Gamma Level.

Identifying the LARGEST GAMMA Level is critical, as the markets tend to test it frequently.

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Dynamic Trend Gamma
Monday August 3rd - $SPX

The SPY unfortunately had no Gamma levels to help.
 
It was all in the $SPX Gamma Levels.
 
Now an advanced Pointer or two.
With the DT Index Strength showing major buy hedging from the Mag 7 Stocks (outside influence) PLUS
a Continuous build up in CALL Sentiment all day:
 
A) Look for the largest Gamma Level near the 100% of the range as a Potential target.
 
B) Since Gamma increases throughout the day, you can also switch to Real Time Gamma.
With the Real Time Gamma, the original 7600 (using open) was elevated to as the Largest Gamma Level for the day.
 
Identifying the LARGEST GAMMA Level is critical, as the markets tend to test it frequently.
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