@quantedoptions: SPX market maker gamma: the 7690 floor held, then it was gone — Thursday Oct 29 · Daily Recap 7690 was the S&P's biggest positive gamma level, sitting under price, and it built to +$7.75B at 2:41 PM. Price came down to it: the low was 7690.94 at 1:54 PM, right on top of it, and it held. After 3:15 PM that gamma was closed out, down to +$2.69B by 3:21 PM, and the S&P lifted 29 points off the low into a 7720.22 close, −0.31% on the day. Under the index, 9 of 11 sectors rose. Comms −1.80% and tech −1.13% did the damage, with MU −4.92%. Health care +2.52% led. From the qO Discord premarket: "Negative gamma on both all expiry AND 0DTE in SPX to start the day with suppressive charm below 7750." Friday: a heavier book, 5th of 21 sessions. 7725 is the biggest positive level, +$1.13B, 4.8 points above the close. 7690 is the biggest negative, −$0.85B, 30.2 points under. Cboe licensed market maker gamma · quantedoptions.com #orderflow #optionstrading #daytrading #futurestrading #SPX

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