SPX dealer positioning, the week of November 3, 2025
Nov 3 to Nov 7 · 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 Nov 3 | 6873.3 | 6851.3 | -22.0 -0.32% | 52.3 | +9.7 | 6771.9 crossed 1x | positive |
| Tuesday Nov 4 | 6783.7 | 6771.9 | -11.8 -0.17% | 52.4 | -79.4 | 6731.8 not crossed | positive |
| Wednesday Nov 5 | 6773.1 | 6796.8 | +23.6 +0.35% | 65.4 | +24.9 | 6746.4 not crossed | positive |
| Thursday Nov 6 | 6785.9 | 6719.5 | -66.4 -0.98% | 83.8 | -77.3 | 6719.2 crossed 1x | positive |
| Friday Nov 7 | 6686.2 | 6728.7 | +42.5 +0.64% | 96.5 | +9.3 | 6599.3 crossed 5x | positive |
Week: -112.9 points (-1.65%), close to close from 2025-10-31.
Ranges: 350.3 points over 5 sessions, the largest 96.5 on 2025-11-07.
Zero-gamma flip at the close: 6771.9 on the first session, 6599.3 on the last (-172.6 points).
Closed in positive gamma: 5 of 5 sessions.
Events this week
- Nov 3
10:00ISM manufacturing PMI
spot -0.1 in the 15 minutes after 10:00; flip 6752.7 → 6741.1; net gamma long; walls 6752.7 / 6976.1 → 6741.1 / 6959.6 - Nov 3
14:00Senior loan officer survey (SLOOS)
spot -0.2 in the 15 minutes after 14:00; flip 6762.1 → 6762.6; net gamma long; walls 6762.1 / 6910.0 → 6762.6 / 6909.5 - Nov 5
08:30Quarterly refunding statement - Nov 5
09:30VIX settlement
spot -2.4 in the 15 minutes after 09:30; flip 6518.3 → 6667.2; net gamma long; walls 6518.3 / 6933.7 → 6667.2 / 6904.3 - Nov 5
10:00ISM services PMI
spot -1.6 in the 15 minutes after 10:00; flip 6648.6 → 6659.2; net gamma long; walls 6648.6 / 6879.4 → 6659.2 / 6870.4
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.