SPX dealer positioning, the week of July 24, 2023

Jul 24 to Jul 28 · 5 of 5 days traded · each session free to replay

← the week of Jul 17 the week of Jul 31 →the calendar for this week every session

Day	Open	Close	Change	Range	Close to close	Flip at the close	Gamma at the close
Monday Jul 24	4551.3	4554.8	+3.5 +0.08%	21.3	+18.5	4559.0 crossed 1x	negative
Tuesday Jul 25	4552.9	4567.8	+14.9 +0.33%	27.4	+13.0	4574.0 crossed 3x	negative
Wednesday Jul 26	4561.5	4567.6	+6.2 +0.13%	30.7	-0.2	4565.9 crossed 6x	positive
Thursday Jul 27	4600.2	4538.9	-61.3 -1.33%	76.4	-28.7	4539.7 crossed 12x	negative
Friday Jul 28	4572.1	4581.4	+9.3 +0.20%	25.9	+42.5	4587.4 crossed 2x	negative

Week: +45.2 points (+1.00%), close to close from 2023-07-21.
Ranges: 181.8 points over 5 sessions, the largest 76.4 on 2023-07-27.
Zero-gamma flip at the close: 4559.0 on the first session, 4587.4 on the last (+28.4 points).
Closed in positive gamma: 1 of 5 sessions.

Events this week

Jul 25 10:00 Consumer confidence (Conference Board)
spot +1.5 in the 15 minutes after 10:00; flip 4513.2 → 4514.5; net gamma long; walls 4513.2 / 4590.6 → 4514.5 / 4590.4
Jul 25 16:05 GOOGL earnings
Jul 25 16:05 MSFT earnings
Jul 25 16:05 V earnings
Jul 26 08:30 Housing starts
Housing starts: actual 1420K / prior 1609K
Jul 26 09:30 VIX settlement
spot +0.1 in the 15 minutes after 09:30; flip 4469.1 → 4490.3; net gamma long; walls 4469.1 / 4614.7 → 4490.3 / 4679.8
Jul 26 14:00 FOMC decision · high impact
Fed funds: actual 5.50% / prior 5.25%
spot -0.1 in the 15 minutes after 14:00; flip 4525.0 → 4515.2; net gamma long; walls 4525.0 / 4580.1 → 4515.2 / 4577.9
Jul 26 14:30 FOMC press conference · high impact
spot +20.4 in the 15 minutes after 14:30; flip 4514.1 → 4722.6; net gamma short (was long)
Jul 26 16:05 META earnings
Jul 27 07:00 MA earnings
Jul 27 08:30 Durable goods orders
Durable goods m/m: actual 4.9% / prior -0.2%
Jul 27 08:30 GDP
GDP q/q: actual 4.7% / prior 2.5%
Jul 28 07:00 PG earnings
Jul 28 07:00 XOM earnings
Jul 28 08:30 PCE inflation, income and spending · high impact
Core PCE m/m: actual 0.3% / prior 0.3%
Jul 28 10:00 UMich consumer sentiment (final)
Sentiment: actual 71.5 / prior 64.2; 1y inflation: actual 3.4% / prior 3.3%; 5y inflation: actual 3% / prior 3%
spot +5.5 in the 15 minutes after 10:00; flip 4513.7 → 4512.4; net gamma long; walls 4513.7 / 4614.1 → 4512.4 / 4601.2

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.