The markets have been rising and the party is on. However there is a dark side to all this.
As I like to say,"Every trend has an end" so we should look at the case when the trend reverses. Big players are already leveling up the contrarian bets. There is a call wall according to GEX data which was the highest OI for the SPX at 7400 but that has been broken. Smaller walls exist at 7425 and a bigger wall at 7450, and a greater wall at 7500.
Every time these levels are tested, big players will sell actively to reduce their Gamma Exposure and to avoid being trapped until they can move their positions higher. So think of the contrarian scenario so you are in the right side when the trend ends!
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