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GammaLab
Jul 21, 2022 12:57 AM

SPX Gamma Update 

US SPX 500OANDA

Description

Please consult the chart above to get an idea of the current gamma situation as we move into Thursday's session which will include the ECB Statement. Dealer gamma is roughly balanced.
Comments
churnboi
Does that mean we're out of the woods?
mjcpaull
@churnboi, No - all the fundamentals remain pointing the same way
GammaLab
@churnboi, "gamma" is the strongest non-fundamental force in the market for sure, but fundamentals are always #1. Always. Newsflow always trumps technical/mechanical observations, no matter what people are saying.
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