SPX dealer positioning, the week of July 14, 2025

Jul 14 to Jul 18 · 5 of 5 days traded · each session free to replay

← the week of Jul 7 the week of Jul 21 →the calendar for this week every session

Day	Open	Close	Change	Range	Close to close	Flip at the close	Gamma at the close
Monday Jul 14	6250.6	6268.6	+17.9 +0.29%	31.9	+9.3	6187.6 not crossed	positive
Tuesday Jul 15	6297.8	6244.1	-53.7 -0.85%	53.7	-24.5	6238.6 not crossed	positive
Wednesday Jul 16	6258.0	6263.5	+5.6 +0.09%	63.7	+19.5	6154.7 not crossed	positive
Thursday Jul 17	6265.0	6298.4	+33.4 +0.53%	39.6	+34.9	6246.2 not crossed	positive
Friday Jul 18	6308.5	6296.7	-11.8 -0.19%	26.0	-1.7	6257.3 not crossed	positive

Week: +37.4 points (+0.60%), close to close from 2025-07-11.
Ranges: 215.0 points over 5 sessions, the largest 63.7 on 2025-07-16.
Zero-gamma flip at the close: 6187.6 on the first session, 6257.3 on the last (+69.7 points).
Closed in positive gamma: 5 of 5 sessions.

Events this week

Jul 15 07:00 JPM earnings
Jul 15 08:30 CPI · high impact
CPI y/y: actual 2.7% / prior 2.4%; Core CPI m/m: actual 0.2% / prior 0.1%
Jul 16 07:00 JNJ earnings
Jul 16 08:30 PPI
PPI m/m: actual 0.2% / prior 0.3%
Jul 16 09:30 VIX settlement
spot -5.7 in the 15 minutes after 09:30; flip 6198.6 → 6139.4; net gamma long; walls 6198.6 / 6299.0 → 6139.4 / 6349.1
Jul 16 14:00 Fed Beige Book
spot +1.2 in the 15 minutes after 14:00; flip 6146.6 → 6148.5; net gamma long; walls 6146.6 / 6295.0 → 6148.4 / 6293.5
Jul 17 08:30 Retail sales
Retail sales m/m: actual 0.7% / prior -1.1%
Jul 17 16:05 NFLX earnings
Jul 18 08:30 Housing starts
Housing starts: actual 1379K / prior 1289K

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.