SPX dealer positioning, the week of June 30, 2025
Jun 30 to Jul 4 · 4 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 Jun 30 | 6195.2 | 6206.2 | +11.0 +0.18% | 37.2 | +33.4 | 6184.5 crossed 18x | positive |
| Tuesday Jul 1 | 6189.0 | 6198.1 | +9.1 +0.15% | 29.3 | -8.1 | 6197.0 crossed 17x | positive |
| Wednesday Jul 2 | 6196.0 | 6226.9 | +30.9 +0.50% | 37.0 | +28.8 | 6212.1 crossed 2x | positive |
| Thursday Jul 3 | 6251.3 | 6277.3 | +26.0 +0.42% | 32.9 | +50.4 | 6267.1 crossed 1x | positive |
| Friday Jul 4 | no session | ||||||
Week: +104.6 points (+1.69%), close to close from 2025-06-27.
Ranges: 136.5 points over 4 sessions, the largest 37.2 on 2025-06-30.
Zero-gamma flip at the close: 6184.5 on the first session, 6267.1 on the last (+82.6 points).
Closed in positive gamma: 4 of 4 sessions.
Events this week
- Jun 30 Quarter-end SPX expiry (the JPMorgan collar resets)
- Jul 1
09:30Fed Chair speech: Policy Panel Discussion
spot +2.4 in the 15 minutes after 09:30; flip 5844.5 → 6090.8; net gamma long - Jul 1
10:00ISM manufacturing PMI
spot +7.1 in the 15 minutes after 10:00; flip 6077.9 → 6078.7; net gamma long - Jul 1
10:00JOLTS job openings
Openings: actual 7.31M / prior 7.10M
spot +7.1 in the 15 minutes after 10:00; flip 6077.9 → 6078.7; net gamma long - Jul 2
09:30VIX settlement
spot +1.3 in the 15 minutes after 09:30; flip 6096.8 → 6126.6; net gamma long - Jul 3
08:30Nonfarm payrolls · high impact
Payrolls: actual -20K / prior 13K; Unemployment rate: actual 4.1% / prior 4.3% - Jul 3
08:30Durable goods orders
Durable goods m/m: actual -9.4% / prior 16.5% - Jul 3
10:00ISM services PMI
spot +1.6 in the 15 minutes after 10:00; flip 6204.4 → 6213.3; 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.