SPX dealer positioning, the week of July 15, 2024

Jul 15 to Jul 19 · 5 of 5 days traded · each session free to replay

← the week of Jul 8 the week of Jul 22 →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 15	5639.5	5630.6	-8.9 -0.16%	50.2	+18.8	5599.0 not crossed	positive
Tuesday Jul 16	5647.8	5666.3	+18.4 +0.33%	29.7	+35.6	5604.0 not crossed	positive
Wednesday Jul 17	5611.6	5589.1	-22.5 -0.40%	35.0	-77.2	5540.4 crossed 1x	positive
Thursday Jul 18	5600.1	5545.8	-54.3 -0.97%	88.3	-43.3	5642.3 crossed 6x	negative
Friday Jul 19	5542.7	5505.5	-37.2 -0.67%	59.8	-40.3	5477.5 not crossed	positive

Week: -106.4 points (-1.90%), close to close from 2024-07-12.
Ranges: 263.0 points over 5 sessions, the largest 88.3 on 2024-07-18.
Zero-gamma flip at the close: 5599.0 on the first session, 5477.5 on the last (-121.5 points).
Closed in positive gamma: 4 of 5 sessions.

Events this week

Jul 16 07:00 UNH earnings
Jul 16 08:30 Retail sales
Retail sales m/m: actual -0.0% / prior 0.8%
Jul 17 07:00 JNJ earnings
Jul 17 08:30 Housing starts
Housing starts: actual 1318K / prior 1329K
Jul 17 09:30 VIX settlement
spot +2.6 in the 15 minutes after 09:30; flip 5826.4 → 5498.5; net gamma long (was short)
Jul 17 13:00 20-year bond auction, $13B (reopening)
spot -10.6 in the 15 minutes after 13:00; flip 5538.6 → 5541.3; net gamma long; walls 5538.6 / 5646.1 → 5541.3 / 5649.2
Jul 18 16:05 NFLX earnings

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.