Nov. 17: Characterization of SPX Customer Positioning, and Market Makers' Hedge Reaction Function for today's 0DTE -- negative Gamma unleashes outsized Charm -- a sequential selling set up!

Robert P. Balan

17 Nov 2025 — 2 min read

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Monday (Jan 12) Unclench: 6975-6985 Magnet Pulls Price Toward 7000 Test

The January Hedge: Why Q1 Volatility Isn't Random

Jan 9 Update No. 2: 6980 Cap, and EOD close pin at 6965; Monday's "unclenching" targets 7000

Jan 9: SCOTUS declined to make a ruling; hedges repositioned, making new provisional resistance at 6950 - 6985