Following Wednesday's directional move away from value, the market reached an area of prior balance today at the familiar level of 4130 - The Weekly Extreme High. Have a great weekend everyone!
You'd think Delta would be getting expensive after so much action upward. But in retrospect March '22 moved 500pts while March '23 moved 300pts. That doesnt play into the Delta today but I do wonder if options expiration somehow diluted available contracts?
ES had -37K delta (which is not common) for the last trading session. What nuances do we expect for Monday's trading session because of this large negative delta?
Hey Smash...looking at your footprint...do you have any method or consideration for passive buyers or do you consider negative delta as trapped sellers always? I’m having trouble assigning in real-time and price extends beyond my risk price by the time I have it figured out. Thanks! :-D
Thank you for your work, I am learning a lot.
I am curious which software you use. Are these charts from Motivewave?
Man Bears totally melted by that Delta.
You'd think Delta would be getting expensive after so much action upward. But in retrospect March '22 moved 500pts while March '23 moved 300pts. That doesnt play into the Delta today but I do wonder if options expiration somehow diluted available contracts?
ES had -37K delta (which is not common) for the last trading session. What nuances do we expect for Monday's trading session because of this large negative delta?
Hey Smash...looking at your footprint...do you have any method or consideration for passive buyers or do you consider negative delta as trapped sellers always? I’m having trouble assigning in real-time and price extends beyond my risk price by the time I have it figured out. Thanks! :-D