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๐จ SPY Day Trading Plan โ 6th July 2026
๐ 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 todayโs options structure is clear:
๐ Positive Gamma = expect controlled price action, mean reversion, and pinning risk.
๐ Do not chase. Trade the levels.
๐งญ Market Regime
โ GEX at Spot: +$3.73B
โ Full Chain GEX: +$3.32B
โ ATM IV: 6.5%
โ PCR: 1.32 โ Put Heavy
โ Expected Range: $745โ$752
โ GEX Pin: $750
โ Gamma Flip: $743.64
โ 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.
๐ Key Trading Levels
๐ Spot: $748.49
๐ Balance: $746.62
๐ Vol Trigger / Risk Pivot: $747.22
๐ Breakout: $749.10
๐ Call Node / GEX Pin: $750.00
๐ Breakdown: $744.15
๐ Put Wall / Charm Pin: $745.00
๐ Gamma Flip: $743.64
The most important intraday zone is $747.22โ$750.00.
Above this zone, bulls can push toward the call wall.
Below this zone, volatility can expand and sellers may gain control.
๐ Bullish Setup โ Primary Plan
A bullish continuation trade activates only if SPY can break and hold above $749.10.
๐ฏ Target 1: $750.00
๐ฏ Target 2: $754.57
๐ 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.
โก Long Volatility Setup
The clean volatility trade is around compression inside the $744.15โ$749.10 range.
๐ Structure: ATM $748 straddle
๐ฏ Range expansion targets: $745.45 / $751.53
๐ฏ Extended targets: $742.41 / $754.57
๐ 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.
๐ป Bearish Setup โ Low Probability
Bearish continuation is not the base case unless SPY breaks and holds below $744.15 with volume.
Below that, watch:
๐ $745.00 charm pin / put wall
๐ $743.64 gamma flip
๐ $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.
๐ My View for the Day
Today is a level-to-level trading day, not a prediction day.
โ Above $749.10 โ bullish continuation attempt toward $750 / $754.57
โ Below $747.22 โ watch for volatility expansion
โ Below $744.15 โ bearish trigger activates
โ Near $750 โ expect pinning, resistance, and possible fade setups
โ Around $745 โ 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