SPX dealer positioning, the week of May 29, 2023
May 29 to Jun 2 · 4 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 May 29 | no session | ||||||
| Tuesday May 30 | 4227.4 | 4206.2 | -21.2 -0.50% | 36.5 | +1.0 | 4170.6 crossed 3x | positive |
| Wednesday May 31 | 4188.1 | 4181.6 | -6.4 -0.15% | 27.1 | -24.6 | 4138.1 crossed 12x | positive |
| Thursday Jun 1 | 4181.5 | 4220.3 | +38.8 +0.93% | 60.2 | +38.7 | 4302.3 crossed 3x | negative |
| Friday Jun 2 | 4253.4 | 4281.0 | +27.7 +0.65% | 44.8 | +60.7 | 4214.2 crossed 3x | positive |
Week: +75.8 points (+1.80%), close to close from 2023-05-26.
Ranges: 168.5 points over 4 sessions, the largest 60.2 on 2023-06-01.
Zero-gamma flip at the close: 4170.6 on the first session, 4214.2 on the last (+43.6 points).
Closed in positive gamma: 3 of 4 sessions.
Events this week
- May 30
10:00Consumer confidence (Conference Board)
spot -0.7 in the 15 minutes after 10:00; flip 4182.5 → 4181.4; net gamma long; walls 4182.5 / 4284.9 → 4181.4 / 4282.8 - May 31
09:30VIX settlement
spot +4.6 in the 15 minutes after 09:30; flip 4155.8 → 4130.2; net gamma long; walls 4155.8 / 4225.2 → 4130.2 / 4227.6 - May 31
10:00JOLTS job openings
Openings: actual 9.65M / prior 9.86M
spot -6.3 in the 15 minutes after 10:00; flip 4157.6 → 4163.2; net gamma long; walls 4157.6 / 4232.3 → 4163.2 / 4234.5 - Jun 1
10:00ISM manufacturing PMI
spot +9.8 in the 15 minutes after 10:00; flip 4106.6 → 4105.9; net gamma long; walls 4106.6 / 4232.3 → 4106.0 / 4231.1 - Jun 1
16:05AVGO earnings - Jun 2
08:30Nonfarm payrolls · high impact
Payrolls: actual 280K / prior 241K; Unemployment rate: actual 3.6% / prior 3.4%
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.