What is the SpotGamma Implied 5 Day Move (Imp. 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. 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 Volatility Trigger™? What is the SpotGamma Gamma Index? What is the SpotGamma Implied 1 Day Move (Imp. 1 Day Move)? What is the SpotGamma Absolute Gamma Strike? What is SpotGamma Hedge Wall?