SPX dealer positioning, the week of June 23, 2025

Jun 23 to Jun 27 · 5 of 5 days traded · each session free to replay

← the week of Jun 16 the week of Jun 30 →the calendar for this week every session

Day	Open	Close	Change	Range	Close to close	Flip at the close	Gamma at the close
Monday Jun 23	5966.7	6025.4	+58.8 +0.98%	80.1	+57.4	5853.0 not crossed	positive
Tuesday Jun 24	6064.6	6093.9	+29.3 +0.48%	41.3	+68.5	6015.2 not crossed	positive
Wednesday Jun 25	6105.1	6092.5	-12.6 -0.21%	25.1	-1.4	6025.1 not crossed	positive
Thursday Jun 26	6114.6	6141.4	+26.8 +0.44%	36.4	+48.9	6057.0 not crossed	positive
Friday Jun 27	6156.2	6172.8	+16.6 +0.27%	54.5	+31.4	6106.9 not crossed	positive

Week: +204.7 points (+3.43%), close to close from 2025-06-20.
Ranges: 237.4 points over 5 sessions, the largest 80.1 on 2025-06-23.
Zero-gamma flip at the close: 5853.0 on the first session, 6106.9 on the last (+253.9 points).
Closed in positive gamma: 5 of 5 sessions.

Events this week

Jun 24 08:30 Fed Chair testimony
Jun 24 10:00 Consumer confidence (Conference Board)
spot +0.8 in the 15 minutes after 10:00; flip 5959.2 → 5960.8; net gamma long; walls 5959.3 / 6142.8 → 5960.8 / 6138.5
Jun 24 10:00 Fed Chair testimony: Semiannual Monetary Policy Report to Congress
spot +0.8 in the 15 minutes after 10:00; flip 5959.2 → 5960.8; net gamma long; walls 5959.3 / 6142.8 → 5960.8 / 6138.5
Jun 25 08:30 Housing starts
Housing starts: actual 1289K / prior 1400K
Jun 25 09:30 VIX settlement
spot +2.1 in the 15 minutes after 09:30; flip 5888.3 → 6022.7; net gamma long; walls 5888.3 / 6221.4 → 6022.7 / 6157.5
Jun 25 10:00 Fed Chair testimony: Semiannual Monetary Policy Report to Congress
spot -8.0 in the 15 minutes after 10:00; flip 6004.9 → 6007.5; net gamma long; walls 6004.9 / 6160.0 → 6007.5 / 6163.1
Jun 26 08:30 Durable goods orders
Durable goods m/m: actual 16.5% / prior -6.6%
Jun 26 08:30 GDP
GDP q/q: actual 3.8% / prior -0.6%
Jun 27 08:30 PCE inflation, income and spending · high impact
Core PCE m/m: actual 0.2% / prior 0.2%
Jun 27 10:00 UMich consumer sentiment (final)
Sentiment: actual 60.7 / prior 52.2; 1y inflation: actual 5% / prior 6.6%; 5y inflation: actual 4% / prior 4.2%
spot +2.0 in the 15 minutes after 10:00; flip 6066.4 → 6077.6; net gamma long; walls 6066.4 / 6214.3 → 6077.6 / 6217.3

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.