Options specialists seem to indicate that $SPX 4350 is the new put wall to watch
Markets & Mayhem shows that we are deep in negative gamma territory, with dealers estimated to be short about $58.41B of gamma exposure This often leads to an increase in volatility as it is more likely that dips are sold and rips are bought.
Many analysts point their fingers towards the options market for signs of stock market trouble. Goldman says dealers in ‘short gamma’ for first time this year
Meanwhile, we have a new 0DTE* options volume record. *Zero days to expiration options, or 0DTE options for short, are options contracts that expire and become void the same day that they’re traded. When an option reaches this stage, there’s not much more time left to act on the right to buy or sell the underlying asset. The window is small, and the move that the trader is plotting needs to happen fast. 0DTE options trading has entered the mainstream in recent years and is a popular premium collecting strategy. Source: www.zerohedge,com, Bloomberg, investopedia
Master Options Flow Model
Heavy call options buying activity is a testimony of the ongoing fomo / "chasing the rally" mood which has been going on for some time now Source: Macro charts
Total Put/Call Ratio drops to lowest level since November 202
Source: barchart
