The S&P 500 Index (SPX) is near its upper bound of the expected move for the week at around 5420, a key level for managing delta risk. Open interest call wall shifted to 5500, suggesting a max upside into next week's options expiration. Options pricing indicates a potential move of about 70 points for next week. Traders are closely monitoring these levels and dynamics for potential trading strategies.
$SPX up near 40 points on day already and the full week expected move priced into the options was about 64 points... wowza https://t.co/af9Z9dN5Fu
$SPX blowoff move into 5500 strike this week would be optimal, heck of a start to this holiday OPEX week!
Seems like $spx 5500 coming this week if not today
$SPX options for this 4 day OPEX week have an expected move of +/- 64 points. Makes it interesting as that would line up to a upper bound at 5492 (near that 5500 call wall strike) while downside bound is 5370 roughly at the gap fill https://t.co/1wagGZwQFD
ES 5/20 DAY, 28/30 DAY #ES_F #JATSPT #NinjaTrader https://t.co/N0xoqgmV9S
$SPX 5,420.69 Options pricing about a 0.3% move rest of day #0DTE https://t.co/7XquQoWr7O
$SPX options for next week currently implying a move of near 70 points, similar to this week but next week is just 4 days with the holiday
Daily 1's popped #ES_F #SPX #JATSPT #NinjaTrader https://t.co/a7IHGax7WX
Failure at the Daily 1's #SPX #JATSPT #NinjaTrader https://t.co/LKiVMbuX28 https://t.co/MDMJpSLhqH
SPX back to retest the lower Daily 1 again.... #SPX #JATSPT #NinjaTrader https://t.co/WPbjdUvvSm
ES hit that lower Daily 1 (Close) and bounced all the way back up to the Daily 1 (Open).... Lunch time.... #ES_F #JATSPT #NinjaTrader https://t.co/ul4GmFD5ND
ES found the lower Daily 1 (Close) #ES_F #JATSPT #NinjaTrader https://t.co/avLtzVGaqp
$SPX hugging its weekly expected move level almost perfectly at 5410, really amazing how that works as a pin level often as dealers price in the risk at that level, would imagine it can hold as support into tomorrow https://t.co/UpeJcV8VMb
$SPX options into tomorrow still pricing about 30 points of range, with June 21st options expected move about +/- 71 points. Can see how realized volatility shrinking lowers the expected move and ranges priced in. Barring news this tends to result in a drift higher into OPEX week…
ES moving off that Daily 1 (Open) #ES_F #JATSPT #NinjaTrader https://t.co/ogXoVrIbYc
ES moving off that Daily 1 (Open) #ES_F https://t.co/3nwdFGDdwd
5418.50 = Daily 1 Open #ES_F #JATSPT #NinjaTrader https://t.co/ZkCi9mtRUZ
SPX -- 1 Hour/5 Hour + Tails and Daily Open & Close #SPX #JATSPT #NinjaTrader https://t.co/bhYGN7V3ey
ES -- 1 Hour/5 Hour + Tails and Daily Open & Close #ES_F #JATSPT #NinjaTrader https://t.co/da9eHCI1k3
$SPX saw its open interest call wall shift up to 5500 after yesterday, continues to point to likely 5500 max upside into next weeks OPEX, could be a nice idea for butterfly spreads there Very few fintwit furu traders understand options expiration dynamics.. positive gamma and…
SPX hovering near its upper bound of expected move for the week at 5420 ish. A sticky level for dealers to manage delta risk so no surprise they are trying to keep it pinned there