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

Conditions: This strategy works best when the index price is very near (within 1%) of the SpotGamma Call Wall. When this criteria is met the below trades may be feasible.

• Selling covered calls or credit spreads at or above the call wall
• Buying puts at or near the call wall or selling stock to take profits

The SpotGamma Call Wall, found at the bottom of each AM Founder’s Note, indicates where traders are targeting the top end of a bullish range  This serves as a resistance point when the current price is below the call wall, and as a price magnet (anchor) if the price rises above the call wall. 

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.