Rising bond yields are meeting fragile options positioning.
Both $QQQ and $SPY are in negative gamma, but SPY stands out with -$755.6M Net GEX and a major $765 gamma wall.
A break could amplify volatility through dealer hedging.
An 8% return doesn’t necessarily mean an 8% gain in purchasing power. With 5% inflation, the real return is roughly 3%.
Nominal rates show what you earn on paper. Real rates show what you actually gain after inflation.
Not financial advice.
ES remains in a positive gamma regime, with low IV reinforcing a more range-bound environment.
7650 stands out as key support, while 7750 is the primary gamma wall and resistance zone.
Spread trading shifts the focus from direction to relative value.
By pairing correlated markets, traders can reduce volatility and margin requirements while targeting changes in the relationship between two assets.
Applications for the first round of are closing this Sunday!
We'll likely facilitate $35M of grants by end of October. The application process is minimal and extremely flexible. If you have an ambitious project of almost any scale, send in what you have.