Robert P. Balan

Oct. 21 0DTE Update No. 1: MM's hedge imperatives create a raft of pin/cap structure from 6740 to 6765; downside still provides least resistance

Oct. 21 0DTE: SPX 6740 is both magnet and cap; weaker MM hedge imperative creates lines of least resisatnce, downside

For ESZ25 during overnight trading /Asia and Europe), the path of least resistance is to the downside

Charm creates mechanical buying flow toward 6740 in final 0DTE hour -- close "pinned" at 6735-6745 likely

SPX cap at 6740 balloons to 225 (+) gamma; more positve gamma forms at 6750-6760

SPX at 6740 cap, with plenty more above; moment of truth at hand

6730 - 6740 becomes the new hard cap for SPX; 6685 -6670 becomes the new support, quick moves (down or up) in-between

Oct 20: SPX cap 0DTE at 6670-6690; tendency likely to test support from 6650 down to 6635

Oct. 19 : ESZ25 futures meet firm resistance at 6670 - 6690 (SPX pre-market positioning equivalent); 6650 - 6635 provides less structural support

Oct 17 OpEx Update No. 2 -- below 6600, the VOID extends all the way to 6545

Oct. 17 OpEx -- Critical Live Assessment: Not Safe to Buy Yet . . . . Update No. 1

Oct. 17 OpEx : The Fortress -- 6650 Customer's Call Short Wall Meets MM's Expiry Buyback