SPX Gamma AM

Trust them or not, but Russia has announced to reduce military activities around Kiew in order to de-escalate the conflict. Major news, if true, and not just another effort to buy time.

At 4600 a massive amount of gamma is located, but the level failed to serve as a pin, which possibly means that investors have to cover their short calls.

Also, investors were buying lots of puts yesterday, as fresh open interest data shows. Especially contracts with a strike of 3600 were in high demand.

Beyond Technical Analysis

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