Today we will be reviewing interesting events from the trade date 11/20/24 for trading the S&P 500. These events were selected because they were early indicators of price movement. Lets begin.
9:45am SPX option Gamma, Charm and Delta Greeks
The greeks showed interest in 5850. Price went down to approximately 5860 and 10:20am. Price went up from there for the day. It will be interesting to monitor similar Charm and Gamma alignment in the future and see if this is something we can use to predict price. The sentiment on this day was primarily bearish during this time frame.
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