Clean gamma read on $TSLA over the next month.
Here's the structure:
Upper resistance clusters around $350 through most of August, then lifts to $370 heading into the 9/11 expiration. That's your ceiling — gamma dealers will hedge into strength there, capping rallies unless something breaks that wall hard.
Downside support sits at $330 near-term, but thins out toward $300 during the week of 9/4. That's your floor — if we lose $330, expect acceleration into that $300 zone where put gamma gets heavy.
Right now, price is sitting mid-range between those two gamma bands. That means chop. Dealers aren't forced to hedge aggressively in either direction until we test the edges.
What confirms the setup:
- Break above $350 with volume → retest $370
- Break below $330 → target $300
What invalidates it:
- Sustained close above $370 flips gamma positive, opens upside
- Loss of $300 opens deeper air pocket
This is a range-bound setup until one side breaks. Trade the edges, not the middle.
Here's the structure:
Upper resistance clusters around $350 through most of August, then lifts to $370 heading into the 9/11 expiration. That's your ceiling — gamma dealers will hedge into strength there, capping rallies unless something breaks that wall hard.
Downside support sits at $330 near-term, but thins out toward $300 during the week of 9/4. That's your floor — if we lose $330, expect acceleration into that $300 zone where put gamma gets heavy.
Right now, price is sitting mid-range between those two gamma bands. That means chop. Dealers aren't forced to hedge aggressively in either direction until we test the edges.
What confirms the setup:
- Break above $350 with volume → retest $370
- Break below $330 → target $300
What invalidates it:
- Sustained close above $370 flips gamma positive, opens upside
- Loss of $300 opens deeper air pocket
This is a range-bound setup until one side breaks. Trade the edges, not the middle.