SPX dealer positioning, the week of April 28, 2025

Apr 28 to May 2 · 5 of 5 days traded · each session free to replay

← the week of Apr 21 the week of May 5 →the calendar for this week every session

Day	Open	Close	Change	Range	Close to close	Flip at the close	Gamma at the close
Monday Apr 28	5537.2	5528.7	-8.5 -0.15%	82.8	+3.4	5406.1 not crossed	positive
Tuesday Apr 29	5509.2	5560.9	+51.8 +0.94%	62.6	+32.3	5423.2 not crossed	positive
Wednesday Apr 30	5476.9	5563.4	+86.5 +1.58%	144.7	+2.4	5349.5 not crossed	positive
Thursday May 1	5620.0	5602.9	-17.1 -0.30%	53.7	+39.5	5446.6 not crossed	positive
Friday May 2	5663.2	5687.3	+24.1 +0.43%	55.6	+84.4	5484.4 crossed 8x	positive

Week: +162.0 points (+2.93%), close to close from 2025-04-25.
Ranges: 399.4 points over 5 sessions, the largest 144.7 on 2025-04-30.
Zero-gamma flip at the close: 5406.1 on the first session, 5484.4 on the last (+78.3 points).
Closed in positive gamma: 5 of 5 sessions.

Events this week

Apr 29 10:00 Consumer confidence (Conference Board)
spot +11.4 in the 15 minutes after 10:00; flip 5353.0 → 5355.2; net gamma long; walls 5353.0 / 5580.8 → 5355.2 / 5607.8
Apr 29 10:00 JOLTS job openings
Openings: actual 7.24M / prior 7.43M
spot +11.4 in the 15 minutes after 10:00; flip 5353.0 → 5355.2; net gamma long; walls 5353.0 / 5580.8 → 5355.2 / 5607.8
Apr 29 16:05 V earnings
Apr 30 08:30 PCE inflation, income and spending · high impact
Core PCE m/m: actual 0.1% / prior 0.4%
Apr 30 08:30 GDP
GDP q/q: actual 3.8% / prior -0.6%
Apr 30 08:30 Quarterly refunding statement
Apr 30 09:30 VIX settlement
spot -24.9 in the 15 minutes after 09:30; flip 5439.4 → 5262.2; net gamma long; walls 5439.4 / 5552.8 → 5262.2 / 5738.8
Apr 30 16:05 META earnings
Apr 30 16:05 MSFT earnings
May 1 07:00 LLY earnings
May 1 07:00 MA earnings
May 1 10:00 ISM manufacturing PMI
spot +10.4 in the 15 minutes after 10:00; flip 5401.1 → 5403.4; net gamma long; walls 5401.1 / 5714.2 → 5403.4 / 5708.2
May 1 16:05 AAPL earnings
May 1 16:05 AMZN earnings
May 2 07:00 XOM earnings
May 2 08:30 Nonfarm payrolls · high impact
Payrolls: actual 108K / prior 67K; Unemployment rate: actual 4.2% / prior 4.2%
May 2 08:30 Durable goods orders
Durable goods m/m: actual -6.6% / prior 7.6%

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.