A narrated teaching recap — November 12: SPX 0DTE flows faded first at 11:26 ET, market-wide flows rolled over by noon, and that sequence marked the day's top at 7,652.76. SPX closed at 7,592.87, between the 7595 and 7590 holds.
The 7625 hold grew to +67.3 by 14:30 ET, then more than halved to +23.4 as market-wide puts overtook calls, and the print closed out the slot at 7593.39, just under the 7595 hold.
The 7625 hold swells to +61.9 with the print beside it.
Charm builds again over the 7625 hold.
The 7650 hold swells to +18.8 with the print beside it.
Charm builds again over the 7625 hold, the 7655 cap still overhead.
7575 becomes a new hold under the print, and 7590 flips to negative.
The stance into the 20 November monthly is a projected range, 7500 to 7700, after a deviation above 7510 to 7605. Starting conditions: Wednesday's close at 7,619.38, overnight indicated level 7,585.90. 8 days to OpEx, 6 sessions.
A narrated teaching recap — November 11: the 7650 call pays from 7615 to 7655, then the 7625 pin breaks in the last ten minutes. SPX closes at 7619.38, after the Game Plan range of 7510–7605 broke to the upside.
The 7650 hold swelled to +47.3 by 14:00 ET, then more than halved to +15.9 as the market topped out, and the print has pinned near 7625, just above the 7620 hold.
The 7650 hold swells to +47.3 with the print beside it.
The 7650 hold swells to +24.0 with the print beside it.