Dynamic Trend Gamma
Friday August 30th - $SPY

Please note these Gamma Levels are calculated prior to the opening.

Always identify the LARGEST GAMMA Level for the day. Markets tend to test these levels. Then use the Options Volume Sentiment to guide you in determining the trend.

In typical pre-holiday style, the SPY changed trends twice. Near the open, it appeared to be heading for the LARGEST Gamma Level at 564, but the Options Volume Sentiment switched to PUTS, enabling the SPY to sell off to the 557 Gamma Level. Please note, always let the Sentiment guide you to determine the trend.

At the lows, the Options Volume Sentiment abruptly switched to Calls around 12:30 pm Est. There was also a sustained build up in the Call Sentiment, enabling the SPY to rally to the LARGEST Gamma Level at 564.

Again, preconceived ideas of trend should be set aside and always follow the Options Volume Sentiment. It is calculated in real time, on every change in options prices across the board. In this case, 15 strikes for calls and puts, above and below the ATM.

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Dynamic Trend Gamma
Thursday August 29th - $SPX

Please note these Gamma Levels are calculated prior to the opening.
 
Always identify the LARGEST GAMMA Level for the day. Markets tend to test these levels. Then use the Options Volume Sentiment to guide you in determining the trend.
 
Right at the open, the Options Volume Sentiment switched to Calls and continued to heavily build up Call Sentiment indicating a strong Trend up. This enabled a very strong rally to the LARGEST GAMMA LEVEL at 5650 in the $SPX.
 
At 12:45 pm EST, the Sentiment switched to PUTS and continued to heavily build up PUT Sentiment indicating a strong Trend Down. This enabled the $SPX to sell off sharply.
 
Customers using our software: please note on the sharp selloff, the SPY traded to its Largest Gamma Level of the day at 557 (again calculated before the open).

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Dynamic Trend Gamma
Wednesday August 28th - $SPX

Please note these Gamma Levels are calculated prior to the opening.

The first task is to identify the LARGEST GAMMA Level for the day. Markets tend to test these levels. Use the Options Volume Sentiment to guide you in determining the trend.

Right at the open, the Options Volume Sentiment switched to PUTS and continued to heavily build up Sentiment to the PUTS side. This enabled a selloff in the $SPX.

At 1pm EST, after a brief rally, the Sentiment again switched to PUTS, enabling the $SPX to sell off and test the LARGEST GAMMA Level at 5565. This was the low for the day as well.

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Dynamic Trend Gamma
Monday August 26th - $SPX

Please note these Gamma Levels are calculated prior to the opening.
 
The $SPX opened at the 5650 Gamma Level and could not go higher. The Options Volume Sentiment switched to PUTS and continued to build up Sentiment to the PUTS side. This enabled a selloff in the $SPX.
 
At 1pm EST, after a brief rally, the Sentiment again switched to PUTS, enabling the $SPX to sell off and test the 5605 Gamma level.
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Dynamic Trend Gamma
Thursday August 22nd - $SPY

Please note these Gamma Levels are calculated prior to the opening.
 
Always identify the Largest Gamma Level in the trading range. The Index tends to test the Largest Gamma Levels which for today was at 555.
 
Initially the SPY appeared to be strong, but the Options Volume Sentiment changed to PUTS and the SPY sold off.
 
After a brief rally around 12:30 pm EST, the Options Volume Sentiment switched back to PUTS, enabling the SPY to sell off and test the Largest Gamma Level at 555.
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Dynamic Trend Gamma
Wednesday August 21st - $SPX

Please note these Gamma Levels are calculated prior to the opening.
 
Initially the $SPX was all over the place due to the Revised Jobs report coming out today. Once it settled around 12 noon, the Options Volume Sentiment switched to calls and continued to build up, enabling the $SPX to rally to the 5625 Gamma Level.
 
We did not have a Gamma Level to identify the low today. However, the switch in the sentiment to CALLS was observed at the lows, along with support from the Speed Bumps from the previous low.
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Dynamic Trend Gamma
Monday August 19th - $SPX

Please note these Gamma Levels are calculated prior to the opening.

As we have stated before, you need to always identify the Largest Gamma Level for the day. Today we had 2 almost identical Gamma Levels that qualified for the Largest Gamma Level.

The $SPX found support at the 5550 Gamma Level. The Options Volume Sentiment switched to Calls enabling a sharp $SPX rally towards the 2nd Largest Gamma Level at 5575.

After a brief correction, the Options Volume Sentiment switched to Calls and the Call Sentiment steadily built up enabling the $SPX to quickly rally to the Largest Gamma Level at 5600.

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Dynamic Trend Gamma
Friday August 16th - $SPX

Please note these Gamma Levels are calculated prior to the opening.
 
The $SPX found support at the 5525 Gamma Level.
 
The Options Volume Sentiment switched to Calls and the Call Sentiment steadily built up enabling a sharp $SPX rally towards the Large Gamma Level at 5550.
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Dynamic Trend Gamma
Thursday August 15th - $SPX

Please note these Gamma Levels are calculated prior to the opening.
 
The $SPX found support at the Largest Gamma Level for today at 5500. The Options Volume Sentiment switched to Calls and the Call Sentiment steadily built up enabling the sharp $SPX rally.
 
After a brief pullback, the Sentiment again switched to Calls and the $SPX rallied to the next Gamma Level area of 5550.
 
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Dynamic Trend Gamma
Wednesday August 14th - $SPY

Please note these Gamma Levels are calculated prior to the opening.
 
The SPY quickly found support at the 540 Gamma Level. The Options Volume Sentiment switched to Calls, and with a quickly rising Call Sentiment, the SPY staged a rally to the next higher Gamma Level at 545. This was also the High of the day.
 
On the subsequent pullback, the Options Volume Sentiment switched to Calls a second time. However, notice the rise in Call Sentiment was not as strong as the previous rally at 10:30. This indicates a potentially weaker rally compared to the previous one.
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Dynamic Trend Gamma
Tuesday August 13th - $SPX

Please note these Gamma Levels are calculated prior to the opening.
 
The $SPX quickly found support at the 5375 Gamma Level. The Options Volume Sentiment switched to Calls, and with a rising Call Sentiment, the $SPX staged a rally to the Largest Gamma Level at 5435.
 
Today's Largest Gamma Level was at 5435. Frequently, the $SPX tends to test the Largest Gamma Level for the day, so it’s always worth keeping an eye on this.
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Dynamic Trend Gamma
Friday August 9th - $SPX

Please note these Gamma Levels are calculated prior to the opening.
 
The $SPX quickly found support at 5300 Gamma Level.
 
Around 12:30, after a brief sell off, the Options Volume Sentiment switched to Calls and the $SPX staged a rally to the Largest Gamma Level at 5345.
 
Today's Largest Gamma Level was at 5345. Frequently, the $SPX tends to test the Largest Gamma Level for the day, so it’s always worth keeping an eye on this.
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Dynamic Trend Gamma
Thursday August 8th - $SPX

Please note these Gamma Levels are calculated prior to the opening.
 
The $SPX opened with a large Call Sentiment that continued to build up and enabled the $SPX to rally to the Largest Gamma Level at 5300.
 
From there, the $SPX traded sideways. Finally, at around 1pm Eastern, the Call Sentiment switched and continued to build up on the second attempt. This enabled another rally towards the close.
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Dynamic Trend Gamma
Wednesday August 7th - $SPY

Please note these Gamma Levels are calculated prior to the opening.
 
The SPY opened higher and had trouble moving higher.
 
At 11 am Est, the Options Volume Sentiment switched to Puts, and continued to strongly accumulate on the Put side.
 
This enabled the SPY to sell off sharply to the substantially large Gamma Level at 520.
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Dynamic Trend Gamma
Tuesday August 6th - $SPY

Please note these Gamma Levels are calculated prior to the opening.

The SPY immediately found support at the 518 Gamma Level, with increasing Call Sentiment. This enabled the SPY to rally to the 526 Gamma Level.

The SPY then entered a small corrective stage, followed by a Switch to CALLS in the Options Sentiment Index, enabling the SPY to rally to the last Gamma Level at 530. This was the high for the day.

At the Highs, the Sentiment switched to PUTS, and the SPY sold off towards the close.

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Dynamic Trend Gamma
Monday August 5th - $SPX

Please note these Gamma Levels are calculated prior to the opening.
 
After opening sharply down, the $SPX rallied to the Largest Gamma Level at 5245. Important to note the Put and Call Sentiment stayed quite even in this rally. This usually indicates a weak rally, otherwise we should have seen a substantial increase in Call Sentiment over the Puts Sentiment.
 
At the Largest Gamma Level at 5245, the Options Volume Sentiment switched back to PUTS and the $SPX sold off again with substantial increase in the PUT sentiment.
 
Regardless of the market trend or volatility, the combination of the DT Gamma Levels and the Real Time Options Volume Sentiment provides a substantial edge in 0DTE Options trading.
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Dynamic Trend Gamma
Thursday August 1st - $SPY

Please note these Gamma Levels are calculated prior to the opening.
 
Shortly after the opening the SPY ran into resistance at the 555 Gamma Level.
 
The buildup in the PUT Sentiment was substantial and the SPY sold off to the 545 Gamma Level.
 
After a brief pause, the Options Volume Sentiment again switched to PUTS. The increase in the PUT Sentiment build up was very clear. This enabled the SPY to sell off and test the largest Gamma Level at 540, which was the low of the day.
 
Regardless of the market trend or volatility, the combination of the DT Gamma Levels and the Real Time Options Volume Sentiment provides a substantial edge in 0DTE Options trading.
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Dynamic Trend Gamma
Wednesday July 31st - $SPX

Please note these Gamma Levels are calculated prior to the opening.
 
Right from the opening, the Options Volume Sentiment was very strong to the CALL side. The $SPX gapped through the 5500 Gamma Level quickly.
 
At 1:30 pm Est, after a brief pullback, the Options Volume Sentiment switched back to CALLS and the $SPX rallied to the next Gamma Level at 5555.
 
At the highs, the Sentiment switched to PUTS and the $SPX sold off towards the end of the day.
 
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Dynamic Trend Gamma
Tuesday July 30th - $SPX

Please note these Gamma Levels are calculated prior to the opening.
 
Right from the opening, the Options Volume Sentiment switched to PUTS and continued to build on the PUT side. This led the $SPX to test all the Gamma Levels down to the last Gamma Level at 5400. Notice, there was no reprieve in the Put sentiment all the way down.
 
Finally, at the 5400 Gamma Level, the Options Sentiment switched to CALLS and the $SPX rebounded from the lows.
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Dynamic Trend Gamma
Monday July 29th - $SPY

Please note these Gamma Levels are calculated prior to the opening.

 

Today, the SPY traded in a sideways pattern, probably waiting for the FED news.

The trading was contained between the 543 Gamma Low and the 547 Gamma High.

The Options Volume Sentiment identified the various swings by switching between Calls to Puts and vice versa.

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Dynamic Trend Gamma
Friday July 26th - $SPX

Please note these Gamma Levels are calculated prior to the opening.
 
Today, the Options Volume Sentiment was the best indication of the market trend.
 
1) Around 10:30 am Est, the Sentiment switched to Calls enabling the $SPX to rally to its high of the day.
 
2) At the highs, the Sentiment switched to PUTS and the $SPX turned on a dime and sold off to the 5455 Gamma Level.
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Dynamic Trend Gamma
Thursday July 25th - $SPY

Please note these Gamma Levels are calculated prior to the opening.
 
Today's action was a day traders dream, a series of price swings that could have been identified.
 
#1 The SPY Gapped lower to the last Gamma Level at 538. The Sentiment switched to CALLS and enabled a strong rally.
 
#2 After a few bars of consolidation, the Sentiment again switched to CALLS and the SPY continued its rally to the 548 Gamma Level.
 
#3 Finally at the Highs, the Sentiment switched to PUTS causing a sell off back to the lower Gamma Levels.
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Dynamic Trend Gamma
Wednesday July 24th - $SPX

Please note these Gamma Levels are calculated prior to the opening.
 
#1 The $SPX gapped lower at the open. With the massive increase in PUT sentiment from the Open, it was clear the $SPX was under pressure. It found brief support at the largest Gamma Level at 5450.
 
#2 After a pause, the sentiment switched back to PUTS, and with another round of increasing Put sentiment, the $SPX traded lower to the last Gamma Level at 5425.
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Dynamic Trend Gamma
Friday July 19th - $SPX

Please note these Gamma Levels are calculated prior to the opening.
 
#1 The $SPX opened with extreme Put Sentiment and continued to build up PUT Sentiment. This enabled the initial Sell off in the $SPX.
 
#2 After a brief relief rally, the Sentiment switched to PUTS again, and the $SPX sold off to the Largest Gamma Level at 5500.
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Dynamic Trend Gamma
Thursday July 18th - $SPY

Please note these Gamma Levels are calculated prior to the opening.
 
#1 The SPY Opened and traded very close to the Large Gamma Level at 560. The Options Volume Sentiment switched to PUTS and continued to increase rapidly to the PUT side. This enabled the SPY to sell off to the 553 Gamma Level.
 
#2 After a brief relief rally to the 555 Gamma Level, the Sentiment again switched to PUTS. This enabled the SPY to sell off the lower Gamma Level at 550.
 
The combination of the Gamma Levels and the real time Options Sentiment Index provides a very powerful guideline to trade 0DTE Options each day.
 
We have over one year of daily examples of this powerful combination on our website.
 
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Dynamic Trend Gamma
Wednesday July 17th - $SPX

Please note these Gamma Levels are calculated prior to the opening.
 
#1 The $SPX opened lower and immediately traded to the Substantially Large Gamma Levels. First to the 5605 level, and then to the 5585 Gamma Level.
 
During this time, the Sentiment in the PUTS kept increasing, indicating a steady sell off. The actual low of the day was at 5584.81 within ticks of the 5585 Gamma Level.
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Dynamic Trend Gamma
Monday July 15th - $SPY

Please note these Gamma Levels are calculated prior to the opening
 
#1 The SPY opened very strong with increasing Call Sentiment. The $SPY came within a few ticks to the Large Gamma Level at 565.
 
#2 At the high, the Options Sentiment switched to PUTS and the $SPY sold off to the large group of Gamma Levels between 560 and 562.
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Dynamic Trend Gamma
Friday July 12th - $SPY

Please note these Gamma Levels are calculated prior to the opening
 
#1 The SPY opened very strong with increasing Call Sentiment. This enabled the SPY to rally to the strong group of Gamma Levels between 560 and 563.
 
#2 After a brief pullback, the Sentiment again switched to Calls, enabling a rally in the SPY to the higher end of the Gamma Levels at 563.
 
#3 At the highest Gamma Level of 563, the Options Volume Sentiment switched back to PUTS, indicating that a high could be in place. The SPY then sold off to the lower Gamma Level at 560.
 
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Dynamic Trend Gamma
Thursday July 11th - $SPY

Please note these Gamma Levels are calculated prior to the opening
 
#1 The $SPY opened and tested the 562 Gamma Level. Notice the Options Volume Sentiment quickly changed over to PUTS and continued to accumulate on the PUT side.
 
This enabled the $SPY to sell off to the lower Large Gamma Level at 557
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Dynamic Trend Gamma
Wednesday July 10th - $SPX

Please note these Gamma Levels are calculated prior to the opening
 
#1 After a retracement in the $SPX, the Options Sentiment switched to calls and quickly traded to the Gamma Level at 5600. The Options Sentiment stayed strong on the call side which pushed the $SPX higher.
 
#2 After a brief pullback, the Options Volume Sentiment again switched to CALLS allowing the $SPX to push higher to the Gamma Level at 5625 and beyond.
 
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Dynamic Trend Gamma
Friday July 5th - $SPY

Please note these Gamma Levels are calculated prior to the opening
 
1. The $SPY quickly found support at the small Gamma Level at 551. The Options Sentiment changed to CALLS and stayed strong, enabling the $SPY to rally above the 553 Gamma Level.
 
2. After a brief pullback, the $SPY found support at the 553 Gamma Level. The Options Volume Sentiment again switched to CALLS and the $SPY managed to rally to the Largest Gamma Level at 555.
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Dynamic Trend Gamma
Wednesday July 3rd - $SPX

Please note these Gamma Levels are calculated prior to the opening
 
Even with the shortened trading hours, the Gamma Levels and the Options Sentiment worked extremely well together.
 
1. The $SPX quickly found support at the 5510 Gamma Level.
 
2. Around 10:30 am EST, the Option Volume Sentiment switched to CALLS and stayed strong. This enabled the $SPX to trade to the higher Gamma Levels at 5525 and 5530.
 
Wish you a Happy July 4th holiday.
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Dynamic Trend Gamma
Tuesday July 2nd - $SPX

Please note these Gamma Levels are calculated prior to the opening
 
1. The $SPX initially rallied and then pulled back to find support at the 5475 Gamma Level.
 
2. Around 12 pm EST, the Options Volume Sentiment switched to CALLS and stayed strong CALLS the rest of the day. This enabled the $SPX to rally strongly to the very large 5500 and 5510 Gamma Levels.
 
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Dynamic Trend Gamma
Monday July 1st - $SPY

Please note these Gamma Levels are calculated prior to the opening.
 
1. The SPY tested the 542-543 Gamma Levels twice around 11am. The Options Volume sentiment quickly changed to CALLS and stayed strong on the call side. This enabled the SPY to trade to the 545 Gamma Level.

Dynamic Trend Gamma
Friday June 28th - $SPX

Please note these Gamma Levels are calculated prior to the opening. (Using 15 strikes above and below due to large range).
 
1. The $SPX initially rallied to a group of Gamma Levels (we call it a Gamma Cluster). The prices traded to the largest Gamma Level in this cluster at 5525. This pretty much was the high of the day.
 
2. From there, the Sentiment switched to Puts and the $SPX sold off to lower Gamma Levels.
 
3. Another wave of strong Puts enabled the $SPX to sell off to the 5480 Gamma Level.
 
4) When this level could not hold, with yet another wave of increasing Put sentiment, the $SPX sold off to the next gamma Level at 5460.

Dynamic Trend Gamma
Wednesday June 26th - $SPX

Please note these Gamma Levels are calculated prior to the opening.
 
1. The $SPX essentially traded between two Gamma Levels at 5450 and 5475. Near the lows at the 5450 Gamma Level, the Sentiment changed to calls for a brief time, enabling the $SPX to rally quickly to the 5475 Gamma Level.
 
2. The rest of the time the Options Sentiment was even for both the Calls and the PUTS, indicating a potential sideways trading.

Dynamic Trend Gamma
Tuesday June 25th - $SPX

Please note these Gamma Levels are calculated prior to the opening.

There was only one Major large Gamma Level of significance today. The $SPX traded to the Large Gamma Level at 5450 and the Options Sentiment switched to CALLS and stayed strong on the CALL side. This allowed the $SPX to rally into the close.

Dynamic Trend Gamma
Monday June 24th - $SPX

Please note these Gamma Levels are calculated prior to the opening.
 
1. Near the open, the $SPX quickly rallied to the Gamma Level at 5490. That was the high of the day.
 
2. Around 12:30pm, the Options Sentiment switched to Puts and stayed heavily PUTS, indicating a Sell Off. The $SPX sold off to the very large Gamma level at 5450.

Dynamic Trend Gamma
Friday June 21st - $SPX

Please note these Gamma Levels are calculated prior to the opening.
 
1. Near the open, the $SPX found support at the 5450 Gamma Level and traded higher to the next Gamma Level at 5475.
 
2. Around 12:20pm the Options Sentiment switched to Puts indicating a Sell Off. The 5475 area was the high of the day.

Dynamic Trend Gamma
Thursday June 20th - $SPX

Please note these Gamma Levels are calculated prior to the opening.
 
The $SPX rallied straight to the 5500 Gamma Level area. After a retest of the 5500 Gamma Level, the Options Volume Sentiment quickly switched to PUTS and the PUTS Sentiment continued to build up. This enabled the $SPX to sell off sharply.

Dynamic Trend Gamma
Tuesday June 18th - NVDA

Please note these Gamma Levels are calculated prior to the opening.
 
1. The same Gamma Levels and Options Volume Sentiment studies work well with active stocks with large Options Volume. Here NVDA traded to the 133 Gamma Level and found support at that level.
 
2. Notice how the Options Volume Sentiment switched to CALLS, enabling NVDA to trade higher to the next Gamma Level at 137.

Dynamic Trend Gamma
Monday June 17th - $SPY

Please note these Gamma Levels are calculated prior to the opening.
 
1. The $SPY quickly found support near the open at the 542 Gamma Level. With the Options Sentiment switching to CALLS, the $SPY rallied to the 544 Gamma Level.
 
2. Around 12 noon, after a brief sideways pattern, the Options Sentiment quickly switched to CALLS with the Call Sentiment building strongly throughout. This allowed the $SPY to mount a ferocious rally to the last Gamma Level at 548.

Dynamic Trend Gamma
Friday June 14th - $SPX

Please note these Gamma Levels are calculated prior to the opening.
 
1) The $SPX sold off sharply at the open with increasing Put Sentiment to the Largest Gamma Level at 5410.
 
2) Around 11:45 am, the $SPX managed to retest the Largest Gamma Level at 5410. Notice the sentiment switched to Calls, initiating a bounce rally to the 5440 Gamma Level area.

 

Dynamic Trend Gamma
Thursday June 13th - $SPY

Please note these Gamma Levels are calculated prior to the opening.
 
1. The $SPY initially tested the Major Gamma Level at 543. Right at the open, the Options Volume Sentiment switched to Puts and stayed strong on the Puts side, causing the $SPY to sell off sharply to the next Gamma Level at 540.
 
2. Around 12:30 pm EST as the $SPY was testing the Major Gamma Level of 540. Notice how the Options Volume Sentiment switched to calls and stayed strong on the Call side. This allowed the $SPY to bounce off the lows and head back up to the previous major Gamma level at 543.

Dynamic Trend Gamma
Wednesday June 12th - $SPX

Please note these Gamma Levels are calculated prior to the opening.
 
1. The $SPX rallied at the open to the 5450 level with strong Call side Sentiment.
 
2. At the highs, the Put Sentiment took over, and the $SPX traded lower to the next Gamma Level at 5430.
 
3. At 2pm Eastern, we had a Fed News release. While it traded between Gamma Levels, it would have been hard to execute trades, as the volatility and premiums were too rich.

Dynamic Trend Gamma
Tuesday June 11th - $SPY

Please note these Gamma Levels are calculated prior to the opening.
 
1. The SPY initially tested the 532 Gamma Level. Then the SPY mounted a strong rally off the opening Lows to the 535 Gamma Level. This rally could have been expected due to the Options Volume Sentiment switching to CALLS and staying strong CALLS.
 
2. Around 12:30 pm EST, the SPY after a brief pullback, continued its rally to the 538 Gamma Level. Notice how the Options Volume Sentiment switched to Calls again and stayed extremely strong to the CALL side Sentiment.

Dynamic Trend Gamma
Monday June 10th - $SPX

Please note these Gamma Levels are calculated prior to the opening.
 
1. The $SPX mounted a strong rally off the opening lows to the Large 5350 Gamma Level. This rally could have been expected due to the Options Volume Sentiment switching to CALLS and staying strong CALLS.
 
2. Around 1:30 pm EST, the $SPX re-tested the Large Gamma Level at 5350. Notice how the Options Volume Sentiment Switched to Calls again. This led the $SPX to rally to the next Gamma Level at 5360.

Dynamic Trend Gamma
Friday June 7th - $SPX

Please note these Gamma Levels are calculated prior to the opening.
 
Today was really a Tale about two Major Gamma Levels at 5375 and 5350.
 
1. The $SPX mounted a strong rally off the opening Lows. When testing the 5350 Gamma Level around 10 am, notice the substantial increase in Call Sentiment. This increases the potential for a strong run past this 5350 Gamma Level.
 
2. Around 11:15 am, the $SPX came back down to test the 5350 Gamma Level again. Notice how the Options Volume Sentiment switched to Calls, giving way to a strong rally to the Largest Gamma Level at 5375.
 
3. Around 1:30 pm, the $SPX tested the Largest Gamma Level at 5375, at which time, the Options Volume Sentiment switched to PUTS, indicating a potential high in the $SPX.

Dynamic Trend Gamma
Wednesday June 5th - $SPY

Please note these Gamma Levels are calculated prior to the opening.
 
1. The SPY rallied past the Large Gamma Level of 530 with substantial Call Sentiment. When Call Sentiment is extremely strong, expect a sideways pattern at best before the rally continues.
 
2. The 532 Gamma Level acted as support until the Options Volume Sentiment once again switched to Calls around 1:30 pm EST. This launched another rally, during which the SPY traded to the next large Gamma Level at 535.
 
The Options Volume Sentiment measures all calls and puts, 10 strikes above and below the market in real time to compile the Options Volume Sentiment. Call Sentiment indicates a potential rally phase, while PUT sentiment is indicative of a potential sell off.

Dynamic Trend Gamma
Tuesday June 4th - $SPY

Please note these Gamma Levels are calculated prior to the opening.
 
There were 3 almost identical Gamma Levels today. So as $SPY tests each level, monitor the Options Volume Sentiment to detect a change in Sentiment.
 
Approximately at noon EST, the $SPY tested the 525 Gamma Level and the Options Volume Sentiment switched to CALLS indicating a potential Low in the SPY. The Call sentiment stayed strong all throughout the rally.

Dynamic Trend Gamma
Monday June 3rd - $SPX

Please note these Gamma Levels are calculated prior to the opening.

The $SPX traded higher to the Gamma Level at 5300. During the pull back, the Options Volume Sentiment switched to PUTS. The increasing Puts indicate the Largest Gamma Level of 5280 will not hold.

The $SPX sold off to the Gamma Level of 5240, at which time the Options Sentiment, which measures the Call or Put sentiment in real time, switched to CALLS. The $SPX then rallied to the largest Gamma Level of 5280.

Dynamic Trend Gamma
Friday May 31st - $SPX

Please note these Gamma Levels are calculated prior to the opening.
 
The $SPX traded higher to the Largest Gamma Level at 5245. The Options Sentiment which measures the Call or Put sentiment in real time, switched to PUTS and the $SPX sold off to the next Large Gamma Level at 5200. Here at the lows, the Options Sentiment switched back to Calls and the $SPX managed to rally back to the Largest Gamma Level at 5245.

Dynamic Trend Gamma
Tuesday May 28th - $SPY

Please note these Gamma Levels are calculated prior to the opening.
 
The $SPY tried to rally to the 531 Gamma Level, failed and quickly decided to test the Large Gamma Level at 528 and 527. The Options Volume Sentiment lead the decline around 1pm Est.

Dynamic Trend Gamma
Tuesday May 28th - $SPY

Please note these Gamma Levels are calculated prior to the opening.
 
The $SPY tried to rally to the 531 Gamma Level, failed and quickly decided to test the Large Gamma Level at 528 and 527. The Options Volume Sentiment lead the decline around 1pm Est.

Dynamic Trend Gamma
Thursday May 23rd - $SPX

Please note these Gamma Levels are calculated prior to the opening.
 
The $SPX opened at the Large 5340 Gamma Level and quickly sold off as the Options Volume Sentiment switched to PUTS. The 5290 Gamma Level failed to provide any support as the Put Sentiment was increasing drastically at this level. The $SPX finally traded to the next Gamma Level at 5260.

Dynamic Trend Gamma
Wednesday May 22nd - $SPX

Please note these Gamma Levels are calculated prior to the opening.
 
The $SPX traded near the 5325 Large Gamma Level for a while, and it looked ready to test this large Gamma Level. However, shortly after 1 pm Est, the Options Sentiment quickly changed to PUTS and the $SPX dropped to a very small Gamma Level at 5295.

Dynamic Trend Gamma
Tuesday May 21st - $SPX

Please note these Gamma Levels are calculated prior to the opening.
 
The $SPX quickly found support at the 5300 level and slowly rallied to the largest Gamma Level at 5325.

Dynamic Trend Gamma
Monday May 20th - $SPX

Please note these Gamma Levels are calculated prior to the opening.
 
The $SPX rallied quickly to the Gamma Level at 5325. Once the Options Volume Sentiment switched to PUTS, the $SPX sold off to the 5300 Gamma Level. Very clean and clear.

Dynamic Trend Gamma
Thursday May 16th - $SPX

Please note these Gamma Levels are calculated prior to the opening.
 
The $SPX rallied quickly to the Largest Gamma Level at 5325. Once the Options Volume Sentiment switched to PUTS, the $SPX sold off to the 5300 Gamma Level.

Dynamic Trend Gamma
Wednesday May 15th - $SPY

Please note these Gamma Levels are calculated prior to the opening.
 
The $SPY gapped higher, immediately found support at the 525 level and rallied with strong Call Sentiment. There was a minor pullback around 12 pm EST, at which time, the Options CALL Sentiment picked up and the SPY rallied to the Large Gamma Level at 530.

Dynamic Trend Gamma
Tuesday May 14th - $SPX

Please note these Gamma Levels are calculated prior to the opening.
 
The $SPX spent several hours hanging around the 5225 Gamma Level. Finally, when the Call Sentiment picked up, the $SPX rallied to the large Gamma Level at 5250.

Dynamic Trend Gamma
Monday May 13th - $SPY

Please note these Gamma Levels are calculated prior to the opening.
 
When the Gamma Levels are substantially different in the SPY compared to the $SPX, the SPY Gamma Levels take preference, as the SPY Options volume is substantially larger than the $SPX options volume. The SPY traded between the Gamma Levels of 522 and 520.

Dynamic Trend Gamma
Friday May 10th - $SPY

Please note these Gamma Levels are calculated prior to the opening.
 
The $SPY traded higher at the open, but sold off after the Univ of Michigan Sentiment Index came out. Honestly, today was a difficult day to use the Gamma Levels and/or the Options Volume Sentiment study.

Dynamic Trend Gamma
Thursday May 9th - $SPY

Please note these Gamma Levels are calculated prior to the opening.
 
The $SPY traded quickly found support and rallied to the Largest Gamma Level at 520. The $SPX had similar Gamma levels as well. The Options Volume Sentiment was heavily on the call side, and this continued throughout the day.

Dynamic Trend Gamma
Wednesday May 8th - $SPX

Please note these Gamma Levels are calculated prior to the opening.
 
The $SPX traded mostly sideways in a small range. Under those conditions, the Gamma Levels fails to offer much help. The Options Volume sentiment can still be used to identify when the sentiment switches between Calls or Puts.

Dynamic Trend Gamma
Tuesday May 7th - $SPX

Please note these Gamma Levels are calculated prior to the opening.
 
The $SPX opened with a gap, and traded to the Major Gamma Level at 5200. At the highs, the Options Volume Sentiment switched to PUTS and the $SPX sold off from the 5200 level.

Dynamic Trend Gamma
Monday May 6th - $SPX

Please note these Gamma Levels are calculated prior to the opening.
The $SPX opened with a gap, found support at the 5150 Gamma Level and with the Options Volume Sentiment firmly on the CALL side all day, the $SPX rallied to the major Gamma Levels at 5170 and 5180

Dynamic Trend Gamma
Friday May 3rd - $SPX

Please note these Gamma Levels are calculated prior to the opening.
 
The $SPX opened with a gap, traded between the Gamma Levels of 5100 and 5135.

Dynamic Trend Gamma
Thursday May 2nd - $SPX

Please note these Gamma Levels are calculated prior to the opening.
 
The $SPX opened slightly down and quickly found support at the 5015 Gamma Level. From there it rallied after the Options Sentiment changed to CALLS around 12:30 pm Eastern. The rally tested the Largest Gamma Level at 5070.

Dynamic Trend Gamma
Wednesday May 1st - $SPX

Please note these Gamma Levels are calculated prior to the opening.
 
With the Fed news, the $SPX traded sideways around the 5025 level, before running up and selling off towards the close. I would not put too much into Gamma Levels on a day like today, where every word from the Fed is interpreted differently and causes a reaction in the market.