SPX Levels Thursday

11 בנוב׳ 2021

Total gamma came down significantly today from 623.2M to 407.1M which points to an increase in volatility, especially when we slide towards the 4570 where gamma inversion occurs. As of now we have 135M gamma expiring Friday. The positive/negative gamma ratio dropped further to 1.27, which also suggests more volatility ahead. Be careful out there and have fun.