SPX dealer positioning, the week of March 10, 2025
Mar 10 to Mar 14 · 5 of 5 days traded · each session free to replay
| Day | Open | Close | Change | Range | Close to close | Flip at the close | Gamma at the close |
|---|---|---|---|---|---|---|---|
| Monday Mar 10 | 5690.7 | 5614.4 | -76.3 -1.34% | 132.4 | -155.5 | 5629.6 crossed 2x | negative |
| Tuesday Mar 11 | 5606.5 | 5572.6 | -33.8 -0.60% | 100.1 | -41.7 | 5586.1 crossed 25x | negative |
| Wednesday Mar 12 | 5627.7 | 5600.2 | -27.5 -0.49% | 85.9 | +27.5 | 5603.1 crossed 21x | negative |
| Thursday Mar 13 | 5583.5 | 5521.4 | -62.1 -1.11% | 87.2 | -78.7 | 5542.4 crossed 12x | negative |
| Friday Mar 14 | 5569.8 | 5638.5 | +68.8 +1.23% | 78.7 | +117.1 | 5617.1 crossed 4x | positive |
Week: -131.4 points (-2.28%), close to close from 2025-03-07.
Ranges: 484.3 points over 5 sessions, the largest 132.4 on 2025-03-10.
Zero-gamma flip at the close: 5629.6 on the first session, 5617.1 on the last (-12.4 points).
Closed in positive gamma: 1 of 5 sessions.
Events this week
- Mar 10
16:05ORCL earnings - Mar 11
10:00JOLTS job openings
Openings: actual 7.43M / prior 7.29M
spot -27.4 in the 15 minutes after 10:00; flip 5372.1 → 5389.8; net gamma long - Mar 12
08:30CPI · high impact
CPI y/y: actual 2.8% / prior 3.0%; Core CPI m/m: actual 0.3% / prior 0.4% - Mar 12
09:30VIX settlement
spot -7.1 in the 15 minutes after 09:30; flip 5400.1 → 5429.5; net gamma long - Mar 12
13:0010-year note auction, $39B (reopening)
spot +10.3 in the 15 minutes after 13:00; flip 5436.7 → 5433.1; net gamma long - Mar 13
08:30PPI
PPI m/m: actual 0.2% / prior 0.6% - Mar 13
13:0030-year bond auction, $22B (reopening)
spot -14.3 in the 15 minutes after 13:00; flip 5429.3 → 5425.8; net gamma long - Mar 14
10:00UMich consumer sentiment (preliminary)
Sentiment: prior 64.7; 1y inflation: prior 4.3%; 5y inflation: prior 3.5%
spot +2.3 in the 15 minutes after 10:00; flip 5424.2 → 5507.6; net gamma long
Prices are SPX at the minute. Change is close minus open; close to close is against the previous finished session. The zero-gamma flip is the terminal's measured flip at the close, and "crossed" counts the minutes the tape changed sides of it. Gamma at the close is where the close sat against that flip. Events are the market calendar's high and medium impact rows; the line under an in-session event is what the book did in the fifteen minutes after it, from the day's own payload. Nothing here is a forecast; see the Terms.