TRADING ROOM NOTES SUMMARY FOR TUESDAY-THURSDAY DECEMBER 5TH-7TH: After nearly a 500 point rally in November, SPX has been in distribution and chop since Thanksgiving, but really November 20th. Not able to break out above its $4600 call wall but not able to trigger negative gamma and volatility below $4540 to sell off to $4500 put wall.
Share this post
Not Breaking Out And Not Breaking Down
Share this post
TRADING ROOM NOTES SUMMARY FOR TUESDAY-THURSDAY DECEMBER 5TH-7TH: After nearly a 500 point rally in November, SPX has been in distribution and chop since Thanksgiving, but really November 20th. Not able to break out above its $4600 call wall but not able to trigger negative gamma and volatility below $4540 to sell off to $4500 put wall.