SPX dealer positioning, the week of January 26, 2026
Jan 26 to Jan 30 · 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 Jan 26 | 6924.9 | 6950.7 | +25.8 +0.37% | 38.9 | +35.2 | 6881.4 crossed 1x | positive |
| Tuesday Jan 27 | 6964.3 | 6978.8 | +14.4 +0.21% | 29.3 | +28.1 | 6908.1 not crossed | positive |
| Wednesday Jan 28 | 6997.4 | 6977.1 | -20.3 -0.29% | 36.0 | -1.7 | 6928.0 crossed 10x | positive |
| Thursday Jan 29 | 6989.3 | 6967.4 | -21.9 -0.31% | 117.5 | -9.7 | 6814.6 not crossed | positive |
| Friday Jan 30 | 6952.0 | 6938.9 | -13.2 -0.19% | 67.2 | -28.5 | 6845.5 crossed 1x | positive |
Week: +23.3 points (+0.34%), close to close from 2026-01-23.
Ranges: 289.0 points over 5 sessions, the largest 117.5 on 2026-01-29.
Zero-gamma flip at the close: 6881.4 on the first session, 6845.5 on the last (-35.9 points).
Closed in positive gamma: 5 of 5 sessions.
Events this week
- Jan 27
07:00UNH earnings - Jan 28
14:00FOMC decision · high impact
Fed funds: actual 3.75% / prior 3.75%
spot -6.0 in the 15 minutes after 14:00; flip 6928.5 → 6926.7; net gamma long; walls 6928.5 / 7054.9 → 6926.7 / 7052.6 - Jan 28
14:30FOMC press conference · high impact
spot -4.1 in the 15 minutes after 14:30; flip 6980.7 → 6932.2; net gamma long (was short) - Jan 28
16:05META earnings - Jan 28
16:05MSFT earnings - Jan 28
16:05TSLA earnings - Jan 29
07:00MA earnings - Jan 29
16:05AAPL earnings - Jan 29
16:05V earnings - Jan 30
08:30PPI
PPI m/m: actual 0.4% / prior 0.4%
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.