Update: Customers Are Still Not Abandoning Hedges — Their Positioning Continues to Require Market Makers to Stay on the Bid Side Well Beyond the May 15 OpEx Robert P. Balan 07 May 2026 — 5 min read Share
May 8 NY Pre-Open: SPX Gaps Higher and Grinds into Positive GEX Zone (7385 - 7440) — Huge Negative CEX Outlier Powers Strong Time-Based Market Maker Bid
May 7 Mid-Day Update: SPX Pulls Back from 7384 High but Holds Key Support — Short Gamma Regime Softens Slightly
May 7 Post NY Open: SPX Gaps Up, Pulls Back, Then Recovers in Short-Gamma Regime — Large Upside Magnets Remain Intact
May 6 Mid-Day: SPX Consolidates Inside Heavy Positive GEX Magnet Cluster — Dealer Long Gamma Softens but Remains Supportive
