Disclaimer: The below information is intended to describe hypothetical scenarios and should not be considered trading or investment advice.

Conditions: This strategy is most applicable when heading into OPEX (options expiration) for an index of interest, in these cases consider the following trades.

• If price is above the Vol Trigger: Buy stock OR buy short-dated calls
• If price is below the Vol Trigger: Sell stock OR buy short-dated puts

Look also for the Absolute Gamma, which measures the point where the most gamma is outstanding in the market for an underlying stock, ETF, or index. This functions as a price magnet heading into OPEX, and can be found at the bottom of the AM Founder’s Note.

Statistics: Check out SpotGamma’s Statistics on how our key levels have performed for the SPX using data from 2018 - 2024.

For more information, check out our videos on using the Founder’s Notes & Key Levels to trade:

Each days full note and archived notes can be viewed here.