Now, let’s take a look at the expected SPX trading range for the week based on the auto GEX levels for TradingView:
It’s clear that we’re currently in positive gamma territory, primarily due to the December 20 expiration. However, the mid-week expirations leading up to that date remain in negative gamma territory, a direct result of last week’s bearish moves—though this can change within a single day.
Looking ahead to Friday, we expect a range-bound, more predictable trading environment, likely holding above 6045 and below 6100 based on current levels.
IVR and IVx remain low, and we don’t anticipate any increase before Christmas unless the market reaches the “total deny zone” between 6025 and 6040.
The greatest IV backwardation is present between December 20 and December 23, as average IV ticked up slightly following last week’s bearish action. This makes that particular expiration combination potentially appealing for time spread strategies.
Stay alert! The deny zone is near, and a quick move through the HVL could suddenly disrupt what currently appears to be a relatively predictable trading range. Conversely, a breakout above 6100 could spark a permabull end-of-year rally to the upside.
It’s clear that we’re currently in positive gamma territory, primarily due to the December 20 expiration. However, the mid-week expirations leading up to that date remain in negative gamma territory, a direct result of last week’s bearish moves—though this can change within a single day.
Looking ahead to Friday, we expect a range-bound, more predictable trading environment, likely holding above 6045 and below 6100 based on current levels.
IVR and IVx remain low, and we don’t anticipate any increase before Christmas unless the market reaches the “total deny zone” between 6025 and 6040.
The greatest IV backwardation is present between December 20 and December 23, as average IV ticked up slightly following last week’s bearish action. This makes that particular expiration combination potentially appealing for time spread strategies.
Stay alert! The deny zone is near, and a quick move through the HVL could suddenly disrupt what currently appears to be a relatively predictable trading range. Conversely, a breakout above 6100 could spark a permabull end-of-year rally to the upside.
Operación activa
Total deny zone reached -> total fallout
Nota
01/20 new weekly thread: ![[01/20] GEX Outlook: Decision, Key Levels and Looming Volatility](https://s3.tradingview.com/s/S2Y0PHEz_mid.png)
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Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Boost up your charts with Options PRO!
REAL Options metrics for over 200+ liquid US symbols:
✔ 𝗔𝘂𝘁𝗼-𝗨𝗽𝗱𝗮𝘁𝗶𝗻𝗴 𝗚𝗘𝗫 𝗹𝗲𝘃𝗲𝗹𝘀
✔ GEX ✔ IVRank ✔ CALL/PUT skew ✔ Volatility✔ Delta curves
👉 7-day TRIAL 🌐 TanukiTrade.com
REAL Options metrics for over 200+ liquid US symbols:
✔ 𝗔𝘂𝘁𝗼-𝗨𝗽𝗱𝗮𝘁𝗶𝗻𝗴 𝗚𝗘𝗫 𝗹𝗲𝘃𝗲𝗹𝘀
✔ GEX ✔ IVRank ✔ CALL/PUT skew ✔ Volatility✔ Delta curves
👉 7-day TRIAL 🌐 TanukiTrade.com
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.