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![vixedsignals Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1354948989305556993.png) vixedsignals [@vixedsignals](/creator/twitter/vixedsignals) on x XXX followers
Created: 2025-07-16 13:58:48 UTC

The July $VIX futures contract expired this morning and with it, the options tied to it. Per @spotgamma data, the biggest gamma strike on the board was the put-heavy XX strike. It's no coincidence VIX has been stuck in the XX to XX range since late June and sits ~17 this morning. Now we see if this morning's expiration releases VOLs to move more freely. Expect some extra noise before we get a clear signal.

The 6200/620 level on $SPX/ $SPY is the one to watch. Above 6200 and equities should remain calm; below it, I suspect VOLs wake up.

We're relying on $RUT/ $IWM small caps, $AAPL, $GOOGL, and $TSLA to steady the ship this morning while the $SOX/ semis and $NDX/ $QQQ take a break. What we want to avoid is another session like yesterday's (see my 2nd post from yesterday) where everything moves together. Without the strong XX VIX pin in place, VOLs could start moving if correlations ramp.


XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1945483258646683743/c:line.svg)

**Related Topics**
[vix](/topic/vix)
[gamma](/topic/gamma)
[futures](/topic/futures)
[$vix](/topic/$vix)

[Post Link](https://x.com/vixedsignals/status/1945483258646683743)

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vixedsignals Avatar vixedsignals @vixedsignals on x XXX followers Created: 2025-07-16 13:58:48 UTC

The July $VIX futures contract expired this morning and with it, the options tied to it. Per @spotgamma data, the biggest gamma strike on the board was the put-heavy XX strike. It's no coincidence VIX has been stuck in the XX to XX range since late June and sits ~17 this morning. Now we see if this morning's expiration releases VOLs to move more freely. Expect some extra noise before we get a clear signal.

The 6200/620 level on $SPX/ $SPY is the one to watch. Above 6200 and equities should remain calm; below it, I suspect VOLs wake up.

We're relying on $RUT/ $IWM small caps, $AAPL, $GOOGL, and $TSLA to steady the ship this morning while the $SOX/ semis and $NDX/ $QQQ take a break. What we want to avoid is another session like yesterday's (see my 2nd post from yesterday) where everything moves together. Without the strong XX VIX pin in place, VOLs could start moving if correlations ramp.

XXX engagements

Engagements Line Chart

Related Topics vix gamma futures $vix

Post Link

post/tweet::1945483258646683743
/post/tweet::1945483258646683743