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Incremental gamma support rolls off from here
Meanwhile $QQQ GEX is net negative
Story of the hour $IWM also past its highest GEX spike though another good batch of OI at 180 as well
Excessive Call Buying off the open for $SPY
$SPY Max Pain for THIS WEEK's expirations is 345 (vs 360 rn, implying 4.16% of downside)
(It is also 345 out the next 14 days as well)
$QQQ Max Pain over 14 days is 285 vs 291.75 rn
$IWM is 165 vs 176 today
Breadth - $QQQ weakest on the day despite being the strongest since the open
Winners:
Nat Gas big loser on the day - which is the more lethal widowmaker...NG or Silver?
