SPX dealer positioning, the week of November 24, 2025
Nov 24 to Nov 28 · 4 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 24 | 6644.5 | 6705.7 | +61.2 +0.92% | 79.5 | +102.9 | 6529.6 not crossed | positive |
| Tuesday Nov 25 | 6697.4 | 6766.3 | +68.9 +1.03% | 112.7 | +60.6 | 6646.2 not crossed | positive |
| Wednesday Nov 26 | 6794.7 | 6812.4 | +17.8 +0.26% | 44.7 | +46.1 | 6769.8 not crossed | positive |
| Thursday Nov 27 | no session | ||||||
| Friday Nov 28 | 6845.7 | 6848.7 | +3.0 +0.04% | 29.4 | +36.2 | 6785.7 crossed 2x | positive |
Week: +245.9 points (+3.72%), close to close from 2025-11-21.
Ranges: 266.3 points over 4 sessions, the largest 112.7 on 2025-11-25.
Zero-gamma flip at the close: 6529.6 on the first session, 6785.7 on the last (+256.1 points).
Closed in positive gamma: 4 of 4 sessions.
Events this week
- Nov 25
08:30PPI
PPI m/m: actual 0.1% / prior 0.6% - Nov 25
08:30Retail sales
Retail sales m/m: actual -0.2% / prior 0.1% - Nov 25
10:00Consumer confidence (Conference Board)
spot -10.7 in the 15 minutes after 10:00; flip 6581.3 → 6582.7; net gamma long; walls 6581.3 / 6776.6 → 6582.7 / 6778.1 - Nov 26
08:30Durable goods orders
Durable goods m/m: actual -2.1% / prior 0.6% - Nov 26
09:30VIX settlement
spot +8.4 in the 15 minutes after 09:30; net gamma long (was short) - Nov 26
14:00Fed Beige Book
spot +2.2 in the 15 minutes after 14:00; flip 6751.6 → 6751.5; net gamma long; walls 6751.6 / 6886.5 → 6751.5 / 6885.0 - Nov 28
10:00UMich consumer sentiment (final)
Sentiment: actual 51 / prior 53.6; 1y inflation: actual 4.5% / prior 4.6%; 5y inflation: actual 3.4% / prior 3.9%
spot +5.7 in the 15 minutes after 10:00; flip 6728.6 → 6725.9; net gamma long; walls 6728.6 / 6897.1 → 6725.9 / 6896.7
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.