Replies to post #361248 on SPDR S&P 500 (SPY)

[Liam859]

I think like $700 billion dollars just on spy. A lot of puts about to burn to ash?? Idk I bought some $UVXY at $9

[learningthetruth]

$SPY Net $Gamma, OI & Max Pain, tomorrow's expiration#Gamma is concentrated at 430. It can act as resistance, because #SPY is below it

OI chart shows so many Puts at all levels, that one thing is for sure, SPY won't go down hard tomorrow$SPX $ES

Charts by @TradeVolatility pic.twitter.com/u97loL6nfw

— Point-Blank-Trading (@PointBlank_Algo) August 19, 2022

See where we end tomorrow. Bigger move next week. In a chop range now between 4260 and 4305. See what level breaks next.