Howdy, gamma levels stay the same as the SPX tries to establish a foothold in positive gamma territory, supported by rebalancing flows. Key is 4650/4655: Can we latch on to those strikes and then move higher towards 4700?`The battle is still undecided and I want to point out that many questions especially regarding shutdown are still open.
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SPX failed to hook on to 4650/4655 that ist certainly not encouraging.