Good Morning!

Yesterday was another solid trading day for myself and the live alerts crew! We were profitable yet again. My personal profit was $984.64 for the day. This makes for our 35th consecutive winning day and 46 of our last 47 days have been winning days. Overall during this 47 day run my profits are at $34,944.95. The daily credit spreads on SPY continue to be incredibly successful for both myself and the hundreds of daily users in the discord chat.

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SPY is down slightly this morning as I type this up premarket. We are currently sitting in some negative gamma exposure that is especially prevalent through 770 to the downside. There is positive gamma overhead as well that starts at 775 and goes up through 780. As we sit in premarket, just looking at the primary exposure areas that looks like an early indicator of our defined range for the day. Doesn’t mean we can’t trade outside of it, but this is where dealers are mostly positioned at present moment. This is of course always subject to change when the market opens and gamma materializes from that point on. I will do as I always do and await a live reading before I make my final decision. As always, I look to open a spread outside of the major action zones so that it can decay and expire much cheaper than the premium I was able to collect for it.

Thanks for reading another edition of OPG Order Flow. If you’d like to join in on today’s trades be sure to use the link below and get signed up. I’ve gone ahead and applied a discount for your first month.

Thanks!

-Caleb