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![Yam_Trades Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1509949361303654400.png) Yamco [@Yam_Trades](/creator/twitter/Yam_Trades) on x 3357 followers
Created: 2025-07-22 11:50:44 UTC

$SPX

Powell speaks in about an hour so let's see how that goes...

Daily Info from @ConvexValue 
-XX pt straddle [close = 6305.6] giving us a range  of [6280,6330]
-Weekly Straddle remains [6227,6366]
-Overnight volumes XX% higher on puts than calls with 6280 puts highest volume and 6325 calls
-Deltas are generally flat overnight
-POLR shows 6325 (Underneath is like 6220)
-Term strucutre is generally the same structure - relative lows for now rising into August OPEX

Dealer Exposure from @OptionsDepth 
-Pivot at 6300
-Upside targets at 6320 and 6335 with 6345 as a target higher but that's outside the straddle.
-Downside targets are 6280 6260 (latest flag breakout) and down to 6200 if it's a bigger down day.
-Very large dealer support from 6175 to 6200.
-Gamma profile shows a gamma peak near spot and gamma troughs generally at the straddle edges. Beyond that there are more gamma peaks.
-Generally suppressive charm within the daily straddle today with pockets of support into end of day within the range.

![](https://pbs.twimg.com/media/GwdaztDbEAATEfo.jpg)

XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1947625355952427475/c:line.svg)

**Related Topics**
[spx](/topic/spx)
[powell](/topic/powell)
[$spx](/topic/$spx)

[Post Link](https://x.com/Yam_Trades/status/1947625355952427475)