Eyes on $SPX heading into the long weekend 👀
Typically see positioning lighten up before extended breaks — dealers flatten gamma, retail takes profits, and flows thin out. That can mean chop or a quick flush if something breaks.
Watch for:
• Pre-holiday squeeze if we're pinned near max pain
• Weak bid Monday if sentiment sours over the break
• Volume drop making moves exaggerated
If you're holding options into Tuesday, know your Greeks are working against you with theta burn over the closure. I'm flat into the weekend — not worth the gap risk with no way to manage it.
Come back Tuesday ready to read fresh flows and gamma positioning. Long weekends reset the board.
Typically see positioning lighten up before extended breaks — dealers flatten gamma, retail takes profits, and flows thin out. That can mean chop or a quick flush if something breaks.
Watch for:
• Pre-holiday squeeze if we're pinned near max pain
• Weak bid Monday if sentiment sours over the break
• Volume drop making moves exaggerated
If you're holding options into Tuesday, know your Greeks are working against you with theta burn over the closure. I'm flat into the weekend — not worth the gap risk with no way to manage it.
Come back Tuesday ready to read fresh flows and gamma positioning. Long weekends reset the board.