|
PSA: For the next 5 days, we have removed the paywall from our flagship educational course, The GammaEdge Framework.
This course is designed to significantly accelerate your learning curve (you can complete it in a day!), so you can develop a new trading edge through mastering option structure analysis, without spending years learning through trial and error, even if you've never traded options before.
Click on the link below to start your journey towards unlocking the edge that comes with mastering Options Market Analysis!
|
|
|
π
Good Morning, Reader!
This is the only October 30th of 2024 we get, so let's make it a great one.
This newsletter is an abbreviated version of the premarket analyses performed by the admin team within the GammaEdge Community.
If you have feedback on ways to make this newsletter more valuable to your premarket routine, please reply to this email with your thoughts. We read each one.
A few important notes about this newsletter:
- We don't provide 'picks' or 'suggestions'. If that's what you're looking for, this newsletter may not be the right fit for you.
- This free newsletter offers valuable data from our premarket analysis. For our in-depth commentary, consider upgrading to a paid subscription.
- We've included links throughout the newsletter (like the one above) to help you interpret each section. For a comprehensive understanding, explore our flagship course, The GammaEdge Framework, free to all subscribed members. You can find more detail on this within the last section of the newsletter.
- We strive to make this newsletter as useful as possible while managing the time commitment. Remember, this is a free resource, and the depth of analysis reflects that.
- We appreciate your understanding and hope you find value in what we provide. If this aligns with your needs, we're glad to have you on board!
Best of luck out there today,
GE Teamπ€
P.S. New to the GammaEdge ecosystem? Please click on the link below for an overview of our 3-step framework as well as definitions of key terms unique to GammaEdge.
|
|
|
βοΈFact for the Day
On this day in 1995, the province of Quebec held a referendum on whether to separate from Canada and form an independent country. The motion was narrowly defeated, with 50.6% voting "No", preserving Canadian unity.
|
|
|
βοΈThis Week's News Events & Earnings
Source: ForexFactory.com (filtered for expected medium/high impact events)
|
|
|
βοΈPrior Day Volume Analysis (SPX 0DTE)
Intraday volume analysis is widely discussed intraday at GammaEdge
|
New to this form of SPX 0DTE analysis? Click on the education button below to learn:
- What this is
- Why it matters
- Why we are showing you this
- How to use in your trading
- How reviewing yesterday will help you today
|
|
|
βοΈMarket Trend Model
GammaEdge's full commentary & analysis is provided in the discord
|
New to the Market Trend Model? Click on the button to learn more on its applicability for:
- SPX 0DTE Traders
- Multi-Day to Multi-Week Traders
|
|
|
βοΈSPX Full Complex (Today)
Below is a visualization of the SPX option structure (PM-settlement only, includes all expirations).
The purpose of this view isn't a focus on trading -- it's to get an overall view of the SPX PM structure, which is the most liquid, most speculated on underlying in the market.
GammaEdge's full commentary & analysis is provided in the discord
|
Market Sentiment
- Delta Condition (LHP | RHP): Call Dominated | Call Dominated
- Gamma Condition: Call Dominated
- Net GEX: +34k (today) vs. +7 (prior day)
- GEX Ratio: +1.28 (today) vs. 1.17 (prior day)
Transition Zones (TZ)
- GEX: 5835-5840
- DEX: 5820-5840
Other Levels of Interest
- Upside: +GEX at 5850 | COI at 6000
- Downside: -GEX at 5835
Full commentary & analysis is provided within the GammaEdge Discord.
|
|
|
βοΈSPX 0DTE Levels (Today)
PSA: We don't care if you are a day trader, swing trader, or position trader. Every trade begins as a day trade. You cannot willy-nilly enter the SPX with the hope the trade will work; you need to understand the broad structure and enter when the conditions are favorable for the direction of your thesis (or lack of direction if you think we're stalled).
If you do not understand the structure when you open a trade, you have no edge as to whether the trade will work in your favor or against you.
GammaEdge's full commentary & analysis is provided in the discord
|
Market Sentiment
- Delta Condition (LHP | RHP): CAll Dominated | Put Dominated
- Gamma Condition: Put Dominated
- Net GEX: -13k (today) vs. -16k (prior day)
Transition Zones (TZ)
- GEX: 5825-5830
- DEX: 5825-5830
- Drunken Sailor: 5810-5850
Other Levels of Interest
- Upside: +GEX at 5850| COI at 6000
- Downside: -GEX at 5810
Be cognizant of price in relation to transition zone. Are we above or below? Create your If/Then scenarios. As an example, if price moves through [x], then what? If price rejects [x], then what? You should have your game plan documented before the market opens! For there, you just need to execute.
Full commentary & analysis is provided within the GammaEdge Discord.
P.S. Stay alert to the shifting of intraday levels using:
- Web App Dashboard
- $em discord command ($em spxp)
- $s discord command ($s spxp 0 0)
- $netstat discord command ($netstat spxp)
|
|
|
βοΈGEX Ratio Roundup
$SPX
New to the GEX Ratio? Click on the button below to learn more on this important market sentiment metric (it's superior to the beloved put/call ratio!).
|
|
|
βοΈMag7 Review (Select Equities Provided)
As we did with SPX above, walk through the 3-step framework for each of the Mag7 stocks posted below. Identify (i) key transition zones, (ii) key levels of reference, and (iii) gamma/dela conditions (sentiment). Feel free to email us with any questions as you perform your own self-analysis.
NOTE: Only the full complex time slice has been provided.
$AAPL
$TSLA
|
|
|
Β© 2024 GammaEdge, LLC. The information contained herein is the property of GammaEdge, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of GammaEdge. GammaEdge is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.
This research was prepared exclusively for Reader as a subscriber of GammaEdge and may not be forwarded or otherwise provided to any unauthorized party. If you have received this transmission in error, please reply to this email and notify us.
DISCLAIMER: The information presented is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.
|
|
|
