SPX dealer positioning, the week of January 23, 2023
Jan 23 to Jan 27 · 5 of 5 days traded · each session free to replay
| Day | Open | Close | Change | Range | Close to close | Flip at the close | Gamma at the close |
|---|---|---|---|---|---|---|---|
| Monday Jan 23 | 3975.1 | 4019.7 | +44.6 +1.12% | 67.8 | +47.8 | 4013.1 not crossed | positive |
| Tuesday Jan 24 | 3997.6 | 4017.2 | +19.5 +0.49% | 33.5 | -2.5 | 3939.9 crossed 1x | positive |
| Wednesday Jan 25 | 3969.5 | 4015.0 | +45.5 +1.15% | 69.8 | -2.2 | 4005.9 crossed 4x | positive |
| Thursday Jan 26 | 4047.3 | 4060.8 | +13.5 +0.33% | 46.8 | +45.8 | 4078.6 crossed 4x | negative |
| Friday Jan 27 | 4049.8 | 4069.8 | +20.1 +0.50% | 44.1 | +9.0 | 4026.8 not crossed | positive |
Week: +97.9 points (+2.47%), close to close from 2023-01-20.
Ranges: 261.9 points over 5 sessions, the largest 69.8 on 2023-01-25.
Zero-gamma flip at the close: 4013.1 on the first session, 4026.8 on the last (+13.7 points).
Closed in positive gamma: 4 of 5 sessions.
Events this week
- Jan 24
07:00JNJ earnings - Jan 24
16:05MSFT earnings - Jan 25
09:30VIX settlement
spot +2.1 in the 15 minutes after 09:30; flip 3913.2 → 3910.8; net gamma long; walls 3913.2 / 4042.1 → 3910.8 / 4019.9 - Jan 25
16:05TSLA earnings - Jan 26
07:00MA earnings - Jan 26
08:30Durable goods orders
Durable goods m/m: actual 5.1% / prior -2.8% - Jan 26
08:30GDP
GDP q/q: actual 2.9% / prior 2.8% - Jan 26
08:30Housing starts
Housing starts: actual 1296K / prior 1434K - Jan 26
16:05V earnings - Jan 27
08:30PCE inflation, income and spending · high impact
Core PCE m/m: actual 0.4% / prior 0.3% - Jan 27
10:00UMich consumer sentiment (final)
Sentiment: actual 64.9 / prior 59.8; 1y inflation: actual 3.9% / prior 4.3%; 5y inflation: actual 2.9% / prior 3%
spot +13.1 in the 15 minutes after 10:00; flip 4015.7 → 4009.0; net gamma long; walls 4015.7 / 4104.5 → 4009.0 / 4098.1
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.