Futures for Spy Mini look to be in a demand zone and 2:00 p.m. minute being released. Believe they are collecting put premiums until 2:00 and possibly full reversal inbound. Gamma exposure past 410 is not ideal for lower moves.
Also, some heat was seen on the 413 call strike which could be foreshadowing.
Definitely should have played puts to the downside at open but just saw so much room above 412 to play puts and get rugged. Ideally, we conquer to the upside. I am referencing Spy prices in the comment.
Also, some heat was seen on the 413 call strike which could be foreshadowing.
Definitely should have played puts to the downside at open but just saw so much room above 412 to play puts and get rugged. Ideally, we conquer to the upside. I am referencing Spy prices in the comment.