BofA FMS May 2026: This Time It May Be Different — Record Equity Overweight Is Extremely Well-Hedged — Higher for Longer, with Localized Gamma Hiccups
May 18 Pre-Market: SPX Implied Open at 7390 in Bifurcated Gamma Zone — Strong Upside Charm And Gamma Nodes Favor 7460–7530 Magnet/Pinning Zone
May 15 OpEx Mid-Day: SPX Consolidating at 7430 in Strong Positive GEX Pocket — Bullish Non-0DTE Delta Divergence Supports P.M. Pinning into 7460–7545 (quantedOptions Framework)
May 15 OpEx Pre-Open: SPX Implied Open at 7420–7425 in Thin Negative Gamma Zone; 7460–7545 P.M. Positive GEX Magnet for Afternoon Pinning; 7500 Key P.M. Magnet/Upside Cap EOD--(quantedOptions Framework)
May 15 OpEx (Pre-Open): 7420–7425 Spot at A.M. Monthly Open in Thin Gamma Zone, with 7500 as Key Upside Magnet/Cap into P.M. Expiry
May 14 Post NY Open: Real time update -- 7515 is the new ODTE magnet and pinning target at EOD - Update 4
May 14 Mid-Day Update: SPX Grinds Strongly Higher Toward New Dominant Positive GEX Magnet at 7550 (7540–7560 Target) — Continued Upside Buy-the-Dip Bias
May 14 Post NY Open: Real time update -- 7525 is the ODTE magnet and pinning target at EOD - Update 3
