$META remains in a momentum-driven setup, with dealers potentially amplifying moves.
While $580โ$600 remains in play, I think a move toward $565 is possible in the next 1โ2 days.
Let's see how it goes ๐
$IWM Negative gamma pushing into the $285 Call Wall. If it breaks with momentum, dealers may chase the move, fueling further upside. A move toward $300+ could be in play tomorrow.
Let's see how it plays out ๐
$BA Gamma levels suggest dealers may amplify moves. In this momentum environment, a push toward $220 remains possible.
๐ Spot: $215.15 (+2.17%)
๐ Above Gamma Flip by 10.4%
๐ฏ Call Wall: +2.4%
๐ก๏ธ Put Wall: -2.2%
๐ Daily ATR: $6.97 (3.3% expected move)
Let's see how it plays out ๐
Is NVDA Walking Into a Gamma Trap?
$NVDA is at $227, hitting 52-week highs, earnings May 20. Everyoneโs bullish. Thatโs the problem.
$NVDA is in a positive gamma environment (net GEX +$1.5B). That sounds bullish but itโs the opposite. Market makers are mechanically selling rallies and buying dips, compressing volatility. Earnings is the binary event that breaks the compression.
Call Wall sits at $230, Put Wall at $215. Price is pinned with the ceiling just $3 away but $12 of downside to the put wall. Almost no room to run.
Gamma flip is at $200. If earnings disappoint and price cracks the put wall, thereโs nothing but air until $200. Below that, dealers stop buying dips and start amplifying the sell-off.
Street expects $78.78B revenue and $1.76 EPS. A beat is already priced in. Even a beat-and-raise could trigger sell-the-news at 52-week highs with a P/E of 46.
Positive gamma has been the invisible hand holding NVDA up. On May 20, that hand gets pulled away. The risk/reward from $227 heavily favors lower.
This isnโt a prediction. Itโs a positioning read. Trade accordingly.
$NVDA Gamma Levels
Call Wall: $230 | Put Wall: $215 | Gamma Flip: $200 | Net GEX: +$1.5B
https://t.co/c1R2FkE7KV
Not financial advice ยท DYOR
$MA gamma levels
Negative gamma near the $500 Put Wall. If support breaks, dealers could amplify the sell-off, with $485โ$480 in play.
Call Wall: $508
Put Wall: $500
Gamma Flip: $498
Net GEX: -$10M
$ABBV gamma levels โ negative gamma.
Dealers may amplify moves, with $215+ in play.
Spot $204.60
Call Wall $210
Put Wall $200
Gamma Flip $205
Net GEX -$11M
Live data: https://t.co/bFZH8zmYAL
via @GammaLensApp
$SNOW gamma levels
In a negative gamma environment, the trend can extend toward $125. NFA
Spot $136 | Call Wall $140 | Put Wall $135 | Gamma Flip $140
Live data: https://t.co/bFZH8zmYAL
via @GammaLensApp
$LLY Dealers may amplify the move in this momentum environment. If it breaks 880, it could move toward 865 or even 850.
Call Wall: $950
Put Wall: $880
Gamma Flip: $918
Net GEX: $-25M
Live data: https://t.co/bFZH8zmYAL
via @GammaLensApp
$SLV Gamma levels indicate dealer amplification. In this momentum environment, the trend may reach $67 or $72, but I see a move toward $65 as more likely.
Call Wall: $72.0
Put Wall: $67.0
Gamma Flip: $59.5
Net GEX: $-4M
Letโs see how this plays out ๐
$TSLA gamma levels look supportive of a larger move, with dealers potentially adding fuel in this momentum environment. That could open the door to $370 or even $350.
Letโs see how it develops.
via @GammaLensApp