SPX dealer positioning, the week of January 22, 2024

Jan 22 to Jan 26 · 5 of 5 days traded · each session free to replay

← the week of Jan 15 the week of Jan 29 →the calendar for this week every session

Day	Open	Close	Change	Range	Close to close	Flip at the close	Gamma at the close
Monday Jan 22	4856.1	4850.6	-5.4 -0.11%	22.3	+13.0	4829.1 not crossed	positive
Tuesday Jan 23	4856.9	4864.6	+7.6 +0.16%	21.2	+13.9	4824.1 not crossed	positive
Wednesday Jan 24	4890.4	4867.9	-22.4 -0.46%	35.5	+3.4	4857.5 crossed 1x	positive
Thursday Jan 25	4885.5	4894.5	+9.0 +0.18%	26.5	+26.5	4853.1 not crossed	positive
Friday Jan 26	4892.6	4890.1	-2.5 -0.05%	23.2	-4.4	4853.7 crossed 1x	positive

Week: +52.4 points (+1.08%), close to close from 2024-01-19.
Ranges: 128.7 points over 5 sessions, the largest 35.5 on 2024-01-24.
Zero-gamma flip at the close: 4829.1 on the first session, 4853.7 on the last (+24.6 points).
Closed in positive gamma: 5 of 5 sessions.

Events this week

Jan 23 07:00 JNJ earnings
Jan 23 07:00 PG earnings
Jan 23 16:05 NFLX earnings
Jan 24 09:30 VIX settlement
spot -3.4 in the 15 minutes after 09:30; flip 4913.4 → 4867.1; net gamma long (was short)
Jan 24 16:05 TSLA earnings
Jan 25 08:30 Durable goods orders
Durable goods m/m: actual 1.9% / prior 4.4%
Jan 25 08:30 GDP
GDP q/q: actual 3.4% / prior 4.7%
Jan 25 08:30 Housing starts
Housing starts: actual 1504K / prior 1522K
Jan 25 16:05 V earnings
Jan 26 08:30 PCE inflation, income and spending · high impact
Core PCE m/m: actual 0.2% / prior 0.1%
Jan 26 10:00 UMich consumer sentiment (final)
Sentiment: actual 79 / prior 69.7; 1y inflation: actual 2.9% / prior 3.1%; 5y inflation: actual 2.9% / prior 2.9%
spot -1.0 in the 15 minutes after 10:00; flip 4848.1 → 4846.7; net gamma long; walls 4848.1 / 4953.7 → 4846.7 / 4950.2

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.