SPX dealer positioning, the week of April 21, 2025
Apr 21 to Apr 25 · 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 Apr 21 | 5229.7 | 5159.9 | -69.8 -1.34% | 127.8 | -123.0 | 5114.3 crossed 4x | positive |
| Tuesday Apr 22 | 5208.9 | 5287.6 | +78.6 +1.51% | 98.5 | +127.7 | 5140.3 not crossed | positive |
| Wednesday Apr 23 | 5418.8 | 5377.1 | -41.7 -0.77% | 110.2 | +89.5 | 5307.0 not crossed | positive |
| Thursday Apr 24 | 5379.4 | 5484.6 | +105.2 +1.96% | 114.7 | +107.6 | 5220.4 not crossed | positive |
| Friday Apr 25 | 5486.6 | 5525.3 | +38.8 +0.71% | 69.7 | +40.7 | 5384.6 not crossed | positive |
Week: +242.5 points (+4.59%), close to close from 2025-04-17.
Ranges: 520.9 points over 5 sessions, the largest 127.8 on 2025-04-21.
Zero-gamma flip at the close: 5114.3 on the first session, 5384.6 on the last (+270.3 points).
Closed in positive gamma: 5 of 5 sessions.
Events this week
- Apr 22
16:05TSLA earnings - Apr 23
08:30Housing starts
Housing starts: actual 1346K / prior 1491K - Apr 23
09:30VIX settlement
spot +31.0 in the 15 minutes after 09:30; flip 5162.1 → 5251.7; net gamma long; walls 5162.1 / 5582.4 → 5251.7 / 5651.7 - Apr 23
14:00Fed Beige Book
spot +0.1 in the 15 minutes after 14:00; flip 5211.0 → 5213.6; net gamma long; walls 5211.0 / 5660.8 → 5213.6 / 5659.8 - Apr 24
07:00PG earnings - Apr 24
08:30Durable goods orders
Durable goods m/m: actual 7.6% / prior 1.0% - Apr 24
16:05GOOGL earnings - Apr 25
08:30Retail sales
Retail sales m/m: actual 1.7% / prior 0.0% - Apr 25
10:00UMich consumer sentiment (final)
Sentiment: actual 52.2 / prior 57; 1y inflation: actual 6.5% / prior 5%; 5y inflation: actual 4.4% / prior 4.1%
spot +12.6 in the 15 minutes after 10:00; flip 5241.3 → 5237.3; net gamma long; walls 5241.3 / 5664.5 → 5237.3 / 5663.3
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.