Gamma Levels for Monday

Thought I post my gamma levels (solely based on SPX options). Range should be continued to be compressed Monday. But aside from the technicals we have lots of moving pieces (energy/inflation, reconciliation bill, evergrande etc..).

Cheers

Comment:

(!) I just realized that the level where the gamma flips to negative is not @ 4.370 (as shown in the chart), but at 4.420 Points (50 points higher). I am sorry for this mistake.

For your explanation: When gamma flips into negative territory dealers have to sell into falling markets and buy into rising markets, which means volatility goes up.

Thank you.