[13/5] 🔮 Crystal-balling SPY using Dealer’s Option Flow Data
Market can sometimes feel random, and I have found it useful to gauge the key levels of SPY using various means. One category I rely a lot on is the market-makers gamma and vanna exposure levels.
Here are some of the key levels I am watching out for today, and a rough trade plan for SPY. Hope it is useful for all ya guys!
Leaning towards Bearish
With a more negative cumulative GEX on the downside, we are expecting prices to have a slight tendency towards the slide.
521 will be a key pivot level.
If price moves below 520, we can expect a strong pull towards 518-519. Depending on how the 0DTE options develops, price is likely to gyrate between 517 - 521. I'll stick to these levels and trade from these GEX green bars.
If price moves past the support of 517, I'll shoot for a take-profit between 515-516.
If we are lucky
If Lady Luck shines and price breaks above 521, I'll shoot for a near-term 522 level first. And next 525.
Gamma Exposure Levels for SPY - 13/5
Vanna Exposure Levels for SPY - 13/5
TLDR
Overall, bearish > bullish
Bearish: 521-> 519 -> 517
Bullish: 521-> 522 ----> 525
Trade safe, friends![Cool]
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- blinxz·05-13Will definitely keep an eye on those levels.LikeReport