Cem didn't post any levels for 2 days.
He did however leave a hint in Monday levels.
Cem only posted "Resistance" instead of "Support/Resistance" as he usually does.
There is still plenty of vanna and charm flows as a result of higher skews.
Gary has bananas.
if you look at monday - tuesday open regression trend its pointing to a slow gradual unwinding to the "Buy the Dip" OPEX.
My thinking is that market makers are aware and unwinding earlier.
Another gamma expert I follow also showed last week institutional buyers were net aggressive equity calls (retail not so much).
Retail can't buy the dip, if there is no dip, but rather a slow gradual slide.
I'm not a financial advisor. Not that there is anything wrong that. This is not financial advice.
He did however leave a hint in Monday levels.
Cem only posted "Resistance" instead of "Support/Resistance" as he usually does.
There is still plenty of vanna and charm flows as a result of higher skews.
Gary has bananas.
if you look at monday - tuesday open regression trend its pointing to a slow gradual unwinding to the "Buy the Dip" OPEX.
My thinking is that market makers are aware and unwinding earlier.
Another gamma expert I follow also showed last week institutional buyers were net aggressive equity calls (retail not so much).
Retail can't buy the dip, if there is no dip, but rather a slow gradual slide.
I'm not a financial advisor. Not that there is anything wrong that. This is not financial advice.
Comment:
This 450 area is trouble for SPY. Blow off Top coming perhaps.
