@jace0777：
I opened $SPY 20240607 529.0 PUT$ ,📉 Observing market makers loading up on positive delta and negative gamma for the expiration term tmr. Furthermore, there are lots of negative gamma and positive vanna below 532. If price holds above 532 till tmr, then SPY should stay up. If not, strong bias to the downside till 529 (first intermediate significant price point to watch) and then till 527.5 (2nd point to watch). Overall, quite a blood bath if this happens! Opening this put as a general hedge just in case 🤞