The first Prime Ministerial visit to New Zealand in 4 decades witnessed unprecedented outcomes aimed at bringing India and New Zealand closer.
Here are highlights from the visit, including some special moments.
@chrisluxonmp
🚨 SPY Day Trading Plan — 6th July 2026
📊 0DTE Options Flow | Positive Gamma | Framework
SPY starts the session in a NEUTRAL regime, with spot around $748.49 and no strong directional confirmation yet.
The key message from today’s options structure is clear:
👉 Positive Gamma = expect controlled price action, mean reversion, and pinning risk.
👉 Do not chase. Trade the levels.
🧭 Market Regime
✅ GEX at Spot: +$3.73B
✅ Full Chain GEX: +$3.32B
✅ ATM IV: 6.5%
✅ PCR: 1.32 — Put Heavy
✅ Expected Range: $745–$752
✅ GEX Pin: $750
✅ Gamma Flip: $743.64
✅ Full Chain Flip: $746.64
This is a positive gamma session, so dealer flows are likely to stabilise price action unless SPY breaks key triggers with conviction.
🔑 Key Trading Levels
📍 Spot: $748.49
📍 Balance: $746.62
📍 Vol Trigger / Risk Pivot: $747.22
📍 Breakout: $749.10
📍 Call Node / GEX Pin: $750.00
📍 Breakdown: $744.15
📍 Put Wall / Charm Pin: $745.00
📍 Gamma Flip: $743.64
The most important intraday zone is $747.22–$750.00.
Above this zone, bulls can push toward the call wall.
Below this zone, volatility can expand and sellers may gain control.
🐂 Bullish Setup — Primary Plan
A bullish continuation trade activates only if SPY can break and hold above $749.10.
🎯 Target 1: $750.00
🎯 Target 2: $754.57
🛑 Stop / Invalidation: $745.00
But remember: $750 is also the major call node and GEX pin, so this is not a blind breakout chase. Any move into $750 can face dealer resistance and profit-booking.
⚡ Long Volatility Setup
The clean volatility trade is around compression inside the $744.15–$749.10 range.
📌 Structure: ATM $748 straddle
🎯 Range expansion targets: $745.45 / $751.53
🎯 Extended targets: $742.41 / $754.57
🛑 Exit rule: close if the range holds into midday.
With ATM IV at only 6.5%, the market is pricing a relatively tight move. But a break of the range can create a sharp 0DTE expansion.
🐻 Bearish Setup — Low Probability
Bearish continuation is not the base case unless SPY breaks and holds below $744.15 with volume.
Below that, watch:
📍 $745.00 charm pin / put wall
📍 $743.64 gamma flip
📍 $746.64 full-chain flip as reclaim level
This is a lower-conviction setup because the broader GEX regime is still positive. Size should be reduced if taking this trade.
📌 My View for the Day
Today is a level-to-level trading day, not a prediction day.
✅ Above $749.10 → bullish continuation attempt toward $750 / $754.57
✅ Below $747.22 → watch for volatility expansion
✅ Below $744.15 → bearish trigger activates
✅ Near $750 → expect pinning, resistance, and possible fade setups
✅ Around $745 → watch for charm-pin magnet effect
The best trade today may come from patience.
Let SPY decide whether it wants to pin at $750, mean revert toward $745, or break the range with force.
Trade structure. Not noise.
#SPY #SPYOptions #OptionsTrading #DayTrading #0DTE #GammaExposure #OptionsFlow #TradingPlan #MarketStructure #QuantTrading