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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.