Thread by @Fatty_Trades

Here is my morning summary of dealer positioning for both $SPX and $SPY. The data is provided by Vol.land and will help us formulate a plan for the day to inform our #optionstrading and #futurestrading. Show thread to see it all! 👇

Lets start with $SPX Vanna since it's a major driver. The Vanna repellent @ 4000 is no longer showing, because we basically closed on top so it has no impact. If we open too far below, negative vanna could repel again. We still have a large magnet @ 4100 with repellents above.

$SPX #Gamma is showing slight positive gamma support @ 3975 (as long as we open above it) with gamma accelerant @ 4000 that will assist a move through it. Large resistance @ 4100 inline with the Vanna magnet.

Now let's do the same for $SPY using Vol.land. The $SPY #Vanna picture shows opposing magnets on either side of price which can create that choppy pinning effect.

The $SPY #Gamma picture shows negative accelerants below, which will assist price movement both up & down with positive gamma resistance above which will cause slow upward movement.

That's all for the dealer positioning side of $SPY and $SPX. I don't think it's a surprise to anyone that 400 / 4000 will be a key level to break. More data insights coming very momentarily, stay tuned!