SPX dealer positioning, the week of May 23, 2022

May 23 to May 27 · 5 of 5 days traded · each session free to replay

← the week of May 16 the week of May 30 →the calendar for this week every session

Day	Open	Close	Change	Range	Close to close	Flip at the close	Gamma at the close
Monday May 23	3933.4	3973.0	+39.7 +1.01%	69.5	+69.5	3974.2 crossed 12x	negative
Tuesday May 24	3933.0	3940.4	+7.4 +0.19%	76.8	-32.6	3941.2 crossed 10x	negative
Wednesday May 25	3929.5	3978.0	+48.5 +1.23%	69.7	+37.6	3976.3 crossed 5x	positive
Thursday May 26	3991.8	4058.6	+66.8 +1.67%	81.4	+80.6	3981.7 not crossed	positive
Friday May 27	4086.9	4156.6	+69.7 +1.71%	69.7	+98.0	4138.3 not crossed	positive

Week: +253.0 points (+6.48%), close to close from 2022-05-20.
Ranges: 367.1 points over 5 sessions, the largest 81.4 on 2022-05-26.
Zero-gamma flip at the close: 3974.2 on the first session, 4138.3 on the last (+164.1 points).
Closed in positive gamma: 3 of 5 sessions.

Events this week

May 24 08:30 Housing starts
Housing starts: actual 1807K / prior 1700K
May 24 12:20 Fed Chair speech: Welcoming Remarks (via pre-recorded video)
spot -13.9 in the 15 minutes after 12:20; net gamma short
May 25 08:30 Durable goods orders
Durable goods m/m: actual 0.6% / prior 0.2%
May 25 09:30 VIX settlement
spot +25.8 in the 15 minutes after 09:30; net gamma long (was short)
May 25 14:00 FOMC minutes
spot -0.3 in the 15 minutes after 14:00; net gamma short
May 25 16:05 NVDA earnings
May 26 08:30 GDP
GDP q/q: actual 0.6% / prior -1.0%
May 26 16:05 AVGO earnings
May 26 16:05 COST earnings
May 26 17:30 Fed Chair testimony
May 27 08:30 PCE inflation, income and spending · high impact
Core PCE m/m: actual 0.3% / prior 0.4%
May 27 10:00 UMich consumer sentiment (final)
Sentiment: actual 58.4 / prior 65.2; 1y inflation: actual 5.3% / prior 5.4%; 5y inflation: actual 3% / prior 3%
spot +7.9 in the 15 minutes after 10:00; flip 4023.9 → 4042.0; net gamma long; walls 4023.9 / 4143.8 → 4042.0 / 4143.2

Prices are SPX at the minute. Change is close minus open; close to close is against the previous finished session. The zero-gamma flip is the terminal's measured flip at the close, and "crossed" counts the minutes the tape changed sides of it. Gamma at the close is where the close sat against that flip. Events are the market calendar's high and medium impact rows; the line under an in-session event is what the book did in the fifteen minutes after it, from the day's own payload. Nothing here is a forecast; see the Terms.