Today
The public Learn page shows the newest SPY and SPX premarket digest that has landed. Paid dashboards keep the live intraday refresh.
SPY 0DTE
Transition Near Flip
Neutral
760-775
SPY 764.58 — dealers in flux near the gamma flip at 765.50. Tight range expected. 760 holds → base case, chop between walls. Breaks down → rotation lower. 775 breaks up → drift toward overhead pocket. Iron condors and credit spreads are traps here; dealer pinning is unpredictable. Debit spreads (calls or puts) fit only after directional confirmation. Wait for acceptance outside 760–775 before sizing in. This is a tape that punishes early structure.
SPX 0DTE
Transition Near Flip
Neutral
7,700-8,000
SPX at 7708, dealers net short gamma — transition zone. Behavior flips unpredictably near 7719. 7700 holds → base case, range-bound chop. 7700 breaks → rotation lower. 8000 holds → overhead friction. 8000 breaks → drift higher. Debit spreads (calls or puts) fit only after directional confirmation. Iron condors and credit spreads stay off the table — dealer flow too unstable here. Wait for price to claim a level, then size in. Don't chase into the flip.
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