SPX dealer positioning, the week of July 7, 2025
Jul 7 to Jul 11 · 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 Jul 7 | 6261.1 | 6229.4 | -31.7 -0.51% | 59.7 | -47.9 | 6182.5 not crossed | positive |
| Tuesday Jul 8 | 6232.3 | 6226.1 | -6.2 -0.10% | 23.4 | -3.4 | 6159.1 not crossed | positive |
| Wednesday Jul 9 | 6250.9 | 6262.7 | +11.8 +0.19% | 36.6 | +36.7 | 6184.7 not crossed | positive |
| Thursday Jul 10 | 6263.4 | 6279.6 | +16.2 +0.26% | 37.0 | +16.8 | 6210.6 not crossed | positive |
| Friday Jul 11 | 6252.9 | 6259.3 | +6.4 +0.10% | 30.8 | -20.3 | 6208.6 not crossed | positive |
Week: -18.0 points (-0.29%), close to close from 2025-07-03.
Ranges: 187.5 points over 5 sessions, the largest 59.7 on 2025-07-07.
Zero-gamma flip at the close: 6182.5 on the first session, 6208.6 on the last (+26.1 points).
Closed in positive gamma: 5 of 5 sessions.
Events this week
- Jul 9
09:30VIX settlement
spot +13.4 in the 15 minutes after 09:30; flip 6056.6 → 6122.3; net gamma long; walls 6056.6 / 6368.7 → 6122.3 / 6333.3 - Jul 9
13:0010-year note auction, $39B (reopening)
spot +3.8 in the 15 minutes after 13:00; flip 6173.0 → 6173.0; net gamma long; walls 6173.0 / 6316.6 → 6172.9 / 6313.7 - Jul 9
14:00FOMC minutes
spot +3.4 in the 15 minutes after 14:00; flip 6182.1 → 6182.8; net gamma long; walls 6182.1 / 6308.3 → 6182.8 / 6306.0 - Jul 10
13:0030-year bond auction, $22B (reopening)
spot +2.4 in the 15 minutes after 13:00; flip 6190.5 → 6191.3; net gamma long; walls 6190.5 / 6310.5 → 6191.4 / 6309.8 - Jul 11
10:00UMich consumer sentiment (preliminary)
Sentiment: prior 60.7; 1y inflation: prior 5%; 5y inflation: prior 4%
spot +3.4 in the 15 minutes after 10:00; flip 6154.4 → 6159.4; net gamma long; walls 6154.4 / 6291.7 → 6159.4 / 6299.2
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.