One strike held price for four hours and forty minutes

SPX open

7,717.81

High

7,717.81

09:30 ET

Low

7,666.99

15:59 ET

Close

7,673.65

0DTE net gamma positive

94%

of the session's minutes

All-expiry net gamma positive

98%

of the session's minutes

VIX open → close

15.33 → 15.69

VIX high

15.74

One strike caps the day

The story

1. 010DTE net gamma positive 94% of minutes, all-expiry 98%. A positive-gamma day from start to finish.
2. 0210:06 — 7700 went from +$0.44B to +$5.18B in a minute and led the board.
3. 03Price came within 0.68 of it at 11:18 and no closer for 4 hours 40 minutes while it grew to +$17.9B.
4. 04Net premium stayed between -$9M and +$2M all day. No directional flow — a pin, not a fight.
5. 05Then what: 7700 drained from +$15.4B to +$1.8B between 14:21 and 14:42, and price left within five minutes.

Minute by minute

The beats

1. 10:06 ET

   7700 goes +$0.44B to +$5.18B and takes the lead

2. 10:56 ETposted live

   the post: 7700 has been building for the past hour

3. 11:18 ET

   high 7699.32 — 0.68 short

4. 13:38 ET

   7700 peaks at +$17.92B

5. 14:32 ET

   7700 drains to +$1.8B; 7690 takes the lead

6. 14:47 ET

   price leaves; low 7673 two minutes later

7. 15:49 ET

   close under the new lead strike

In #qo-market-data, as it happened

Posted live

From the product

The dashboard at each beat

Premium Flow, Cumulative Net Delta and Gamma Flow By Strike on one screen, replayed to the minute. Real frames, nothing redrawn. Click the right of the frame to step to the next beat.

Dashboard frame 1 / 7

10:06 ET — 7700 goes +$0.44B to +$5.18B and takes the lead

More of this session

The whole session on the dashboard

0:52

The real dashboard, the session replayed

0:38

The short cut

11 slides

The case, slide by slide

Slide 1 / 11