SPX dealer positioning, the week of April 14, 2025
Apr 14 to Apr 18 · 4 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 Apr 14 | 5452.4 | 5405.1 | -47.3 -0.87% | 97.5 | +44.4 | 5227.5 not crossed | positive |
| Tuesday Apr 15 | 5414.8 | 5396.9 | -17.9 -0.33% | 61.6 | -8.2 | 5240.4 not crossed | positive |
| Wednesday Apr 16 | 5342.5 | 5274.9 | -67.6 -1.27% | 144.1 | -122.0 | 5138.7 not crossed | positive |
| Thursday Apr 17 | 5300.1 | 5282.9 | -17.2 -0.33% | 69.2 | +8.0 | 5161.1 not crossed | positive |
| Friday Apr 18 | no session | ||||||
Week: -77.9 points (-1.45%), close to close from 2025-04-11.
Ranges: 372.4 points over 4 sessions, the largest 144.1 on 2025-04-16.
Zero-gamma flip at the close: 5227.5 on the first session, 5161.1 on the last (-66.4 points).
Closed in positive gamma: 4 of 4 sessions.
Events this week
- Apr 15
07:00JNJ earnings - Apr 16
08:30Retail sales
Retail sales m/m: actual 1.7% / prior 0.0% - Apr 16
09:30VIX settlement
spot -4.2 in the 15 minutes after 09:30; net gamma long - Apr 16
13:0020-year bond auction, $13B (reopening)
spot -0.2 in the 15 minutes after 13:00; flip 5161.0 → 5161.0; net gamma long; walls 5161.0 / 5441.8 → 5161.0 / 5437.7 - Apr 16
13:30Fed Chair speech: Economic Outlook
spot -39.5 in the 15 minutes after 13:30; flip 5162.6 → 5166.3; net gamma long; walls 5162.6 / 5430.6 → 5166.3 / 5432.0 - Apr 17
07:00UNH earnings - Apr 17
08:30Housing starts
Housing starts: actual 1346K / prior 1491K - Apr 17
16:05NFLX 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.