SPX dealer positioning, the week of February 24, 2025
Feb 24 to Feb 28 · 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 24 | 6035.4 | 5984.6 | -50.8 -0.84% | 62.2 | -29.0 | 5976.8 crossed 1x | positive |
| Tuesday Feb 25 | 5986.7 | 5955.2 | -31.5 -0.53% | 80.6 | -29.4 | 5909.3 not crossed | positive |
| Wednesday Feb 26 | 5965.6 | 5956.4 | -9.2 -0.15% | 75.4 | +1.3 | 5887.9 not crossed | positive |
| Thursday Feb 27 | 5985.3 | 5862.3 | -122.9 -2.05% | 130.0 | -94.1 | 5855.7 not crossed | positive |
| Friday Feb 28 | 5864.8 | 5952.7 | +88.0 +1.50% | 119.2 | +90.4 | 6305.7 crossed 1x | negative |
Week: -60.8 points (-1.01%), close to close from 2025-02-21.
Ranges: 467.4 points over 5 sessions, the largest 130.0 on 2025-02-27.
Zero-gamma flip at the close: 5976.8 on the first session, 6305.7 on the last (+328.9 points).
Closed in positive gamma: 4 of 5 sessions.
Events this week
- Feb 25
10:00Consumer confidence (Conference Board)
spot -12.8 in the 15 minutes after 10:00; flip 5796.0 → 5815.2; net gamma long; walls 5796.0 / 6075.6 → 5815.2 / 6078.9 - Feb 26
08:30Housing starts
Housing starts: actual 1353K / prior 1494K - Feb 26
09:30VIX settlement
spot +8.2 in the 15 minutes after 09:30; flip 5855.5 → 5826.0; net gamma long; walls 5855.5 / 6041.3 → 5826.0 / 6038.5 - Feb 26
16:05NVDA earnings - Feb 27
08:30Durable goods orders
Durable goods m/m: actual 0.2% / prior 0.8% - Feb 27
08:30GDP
GDP q/q: actual -0.6% / prior 1.9% - Feb 28
08:30PCE inflation, income and spending · high impact
Core PCE m/m: actual 0.3% / prior 0.2% - Feb 28
10:00UMich consumer sentiment (final)
Sentiment: actual 64.7 / prior 71.7; 1y inflation: actual 4.3% / prior 3.3%; 5y inflation: actual 3.5% / prior 3.2%
spot +4.2 in the 15 minutes after 10:00; flip 5720.4 → 5727.3; net gamma long; walls 5720.4 / 5951.1 → 5727.3 / 5952.3
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.