S&P 500
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SPX Levels Friday

132
Total Gamma increased by 95.7M today to 1047.8M. That means option dealers have to do lots of anticyclical hedging, which will decrease volatility and boost markets. Gamma at 4700 increased to 164.6M -> this is a potent magnet now that tries to pull markets higher. Ask away in the comment sections if you have any questions!
Note
Note: 220.4M gamma notional will expire tomorrow, which could release some volatility.

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