SPX dealer positioning, the week of February 3, 2025
Feb 3 to Feb 7 · 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 Feb 3 | 5948.6 | 5994.6 | +46.0 +0.77% | 96.8 | -45.8 | 5945.1 not crossed | positive |
| Tuesday Feb 4 | 5995.1 | 6037.4 | +42.2 +0.70% | 48.2 | +42.8 | 5988.7 not crossed | positive |
| Wednesday Feb 5 | 6025.9 | 6061.3 | +35.4 +0.59% | 54.2 | +24.0 | 6004.3 not crossed | positive |
| Thursday Feb 6 | 6074.3 | 6082.7 | +8.4 +0.14% | 35.6 | +21.3 | 6011.2 crossed 1x | positive |
| Friday Feb 7 | 6088.4 | 6026.1 | -62.3 -1.02% | 78.2 | -56.6 | 5986.1 not crossed | positive |
Week: -14.3 points (-0.24%), close to close from 2025-01-31.
Ranges: 313.1 points over 5 sessions, the largest 96.8 on 2025-02-03.
Zero-gamma flip at the close: 5945.1 on the first session, 5986.1 on the last (+41.0 points).
Closed in positive gamma: 5 of 5 sessions.
Events this week
- Feb 3
10:00ISM manufacturing PMI
spot -6.7 in the 15 minutes after 10:00; flip 5816.2 → 5839.0; net gamma long; walls 5816.2 / 6058.1 → 5839.0 / 6054.0 - Feb 3
14:00Senior loan officer survey (SLOOS)
spot +7.8 in the 15 minutes after 14:00; flip 5929.5 → 5932.0; net gamma long; walls 5929.4 / 6051.9 → 5932.1 / 6052.9 - Feb 4
08:30Durable goods orders
Durable goods m/m: actual 0.2% / prior 0.8% - Feb 4
10:00JOLTS job openings
Openings: actual 7.29M / prior 7.57M
spot +9.9 in the 15 minutes after 10:00; flip 5882.1 → 5906.0; net gamma long; walls 5882.1 / 6079.9 → 5906.0 / 6075.3 - Feb 4
16:05GOOGL earnings - Feb 5
08:30Quarterly refunding statement - Feb 5
09:30VIX settlement
spot +3.2 in the 15 minutes after 09:30; flip 5932.7 → 5879.2; net gamma long; walls 5932.7 / 6080.3 → 5879.2 / 6091.0 - Feb 5
10:00ISM services PMI
spot -6.8 in the 15 minutes after 10:00; flip 5894.9 → 5918.7; net gamma long; walls 5894.9 / 6090.0 → 5918.7 / 6090.3 - Feb 6
07:00LLY earnings - Feb 6
16:05AMZN earnings - Feb 7
08:30Nonfarm payrolls · high impact
Payrolls: actual -48K / prior 237K; Unemployment rate: actual 4.0% / prior 4.1%
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.