SPX 0DTE, 13 Nov 2026 at 14:00 ET: Market-wide calls lead the charge, but 7560–7575 is where the rally may hit the wall

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SPX 0DTE | Friday 13 Nov 2026 | 14:00 ET (20:00 CET) | SPX 7,549.06

This is the read we sent members at 14:00 ET (20:00 CET) on Friday, 13 November, shared here as it stood at that moment. It describes how the options book was set up, not what to do next.

After a morning of market-wide selling, the tape turned. Market-wide flows were leading the recovery charge, and SPX same-day calls were surging right alongside. The 7500 floor had held all session, and support had stepped up with price, first to 7540 and then to 7545. The question at 14:00 ET was simple: if the rebound kept going, where would it run into trouble?

The levels at 14:00 ET

Positive GEX is where dealer hedging tends to steady price. Negative GEX is where it tends to speed price up.

• 7545: +35.0, the strong backstop. The biggest positive strike on the board, about 4 points under the print.
• 7550: −12.0, a thin speed bump right at the print.
• 7555: +30.3, another big hold just overhead.
• 7560: −18.3, 7570: −11.2 and 7575: −20.7, the deepest negative pockets above price, with 7565 (−6.9) between them.
• 7590: +13.6 and 7595: +8.6, the only positive strikes beyond that zone.

Where a recovery may run out

At 14:00 ET, SPX was at 7,549.06, sitting between the 7545 backstop and the 7555 hold. A rally first had to clear the thin 7550 speed bump, which is easy work for a market with momentum. The 7555 hold could then steady it.

The real test sat above, at 7560 to 7575. That is where negative GEX was deepest, and where a recovery could run out of support. Past it, the book offered little until 7590 and 7595.

Below, 7545 at +35.0 was a strong backstop, with 7540 (+9.0) and 7525 (+12.5) behind it.

There were still about two hours to the close. A rally tends to bring more favorable positioning with it, so these walls could thin or move as the session went on. A wall in the book is a place where the rally may hit resistance, not a guarantee that it will.

Vanna and charm: tailwind or headwind?

Two more Greeks help explain how a rebound might behave.

Charm (CEX) was a tailwind. Across the whole 0DTE book, charm netted +87.4, and +69.3 of that sat above price. It was positive right through the wall: 7560 (+15.3), 7565 (+8.5), 7570 (+18.0) and 7575 (+41.3). As the clock runs down on an expiry day, that leans toward lifting price into the 7560–7575 zone.

Vanna (VEX) was a headwind. Vanna netted −4,161, with −2,933 above price. It was most negative at 7575 (−2,368), 7570 (−1,043) and 7560 (−892), the same strikes where GEX was most negative. It turned positive only at 7555 (+792) and at 7590 (+2,329) and 7595 (+1,638). So in the 7560–7575 zone, vanna worked against a push higher, unless a drop in volatility changed the picture. VIX was 19.37 at the snapshot.

In plain terms: time was on the side of a rebound, but the wall at 7560–7575 had real weight behind it.

What we're watching into the close

• Does 7545 keep holding as the strong backstop under price?
• Does a push through 7550 and 7555 thin the 7560–7575 wall, or does it get deeper?
• Does charm keep building into the zone, and does a softer VIX turn vanna from a headwind into a help?
• Do market-wide flows keep leading, with SPX calls following?

In 0DTE trading, new flow can replace these levels within 60 to 90 minutes. That is why we publish fresh reads through the session.

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Data: OptionsDepth 0DTE SPX snapshot, 14:00 ET (20:00 CET), 13 Nov 2026. SPX 7,549.06. GEX in $M per point. Flow: QuantData Net Drift.

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