SPX dealer positioning, the week of May 12, 2025
May 12 to May 16 · 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 May 12 | 5820.5 | 5845.0 | +24.5 +0.42% | 54.9 | +184.9 | 5669.5 not crossed | positive |
| Tuesday May 13 | 5845.0 | 5886.6 | +41.7 +0.71% | 61.9 | +41.6 | 5802.5 not crossed | positive |
| Wednesday May 14 | 5899.4 | 5892.3 | -7.1 -0.12% | 31.7 | +5.7 | 5786.5 not crossed | positive |
| Thursday May 15 | 5870.4 | 5915.3 | +44.9 +0.76% | 57.0 | +22.9 | 5811.2 not crossed | positive |
| Friday May 16 | 5920.8 | 5958.4 | +37.6 +0.64% | 50.3 | +43.1 | 5823.9 not crossed | positive |
Week: +298.2 points (+5.27%), close to close from 2025-05-09.
Ranges: 255.8 points over 5 sessions, the largest 61.9 on 2025-05-13.
Zero-gamma flip at the close: 5669.5 on the first session, 5823.9 on the last (+154.4 points).
Closed in positive gamma: 5 of 5 sessions.
Events this week
- May 12
14:00Senior loan officer survey (SLOOS)
spot +1.1 in the 15 minutes after 14:00; flip 5707.1 → 5712.9; net gamma long; walls 5707.1 / 6062.6 → 5712.9 / 6058.1 - May 13
08:30CPI · high impact
CPI y/y: actual 2.3% / prior 2.4%; Core CPI m/m: actual 0.2% / prior 0.1% - May 14
09:30VIX settlement
spot -7.5 in the 15 minutes after 09:30; flip 5805.8 → 5791.7; net gamma long; walls 5805.8 / 5910.5 → 5791.7 / 5974.2 - May 15
07:00WMT earnings - May 15
08:30PPI
PPI m/m: actual -0.3% / prior -0.1% - May 15
08:30Retail sales
Retail sales m/m: actual -0.1% / prior 1.7% - May 15
08:40Fed Chair speech: Framework Review - May 16
08:30Durable goods orders
Durable goods m/m: actual -6.6% / prior 7.6% - May 16
08:30Housing starts
Housing starts: actual 1400K / prior 1346K
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.