What is the SpotGamma Implied 5-Day Move? The SpotGamma Implied 5 Day Move is a proprietary estimate of how much the SPX index may move over the next 5 sessions. You can easily determine the expected range for the 5-day move by adding or subtracting the value of the 5-day move from the current S&P reference price. The 5-day move is the expected movement over a larger timescale and will always be larger than the 1-day move. Why does the SpotGamma Implied 5 Day Move matter? Our gamma derived estimate provides a valuable 5 day estimate of SPX movement. How to use the SpotGamma Implied 5 Day Move? To calculate the estimated range for the next 5 days, ± the SpotGamma Implied 5 day Move from the SPX cash price. This is our estimated 1 standard deviation range over the next 5 days. Subscribers can locate each day's Implied 5 Day Move in the Daily Founder's Notes. Related articles What is the SpotGamma Gamma Index? What is Volatility Trigger™? What is the SpotGamma Implied 1-Day Move? What is the SpotGamma Absolute Gamma Strike? What is SpotGamma Hedge Wall?