What to watch for into expiration.


Stocks were in the green into the open but quickly found sellers back down to the 4500 level in SPX. As mentioned, there is a lot of stock being sold above that strike due to expiry, if the market went below that strike you may see the same thing where it quickly gets bought). Again this is not a conspiracy, it is delta neutral scalping around the strike with heavy open interest. That open interest will be getting rolled by many participants into December expiries throughout the day. And then at expiry, a lot of that gamma will disappear and Monday may feel a little different. As mentioned in the video below though, that happens to correspond with Thanksgiving week where a lot of that option selling may re-occur and gamma may be re-established. But the “severity” of that gamma effect is less to start the week. Hope you enjoy: 


  • Safe and Green Development Corp (SGD) +145.54%
  • Chargepoint Hldgs Inc (CHPT) -30.67%
  • Alibaba Group Holding ADR (BABA) -2.91%
  • Gap Inc (GPS) +18.43%
  • Applied Materials (AMAT) -7.05%
  • Manchester United Ltd (MANU) +7.92%

Economic Calendar:

  • At 09:45 AM (EST) Fed Goolsbee Speech Impact: Medium
  • At 10:00 AM (EST) Fed Daly Speech Impact: Medium

Unusual Options Volume

CELH (+1252%), GPS (+1027%), WMT (+1018%), CSCO (+1011%), SO (+943%), PANW (+874%), YPF (+792%), INTC (+725%), BBD (+697%), AMAT (+672%), BABA (+599%), M (+587%), COST (+420%), MSFT (+371%), TGT (+370%)

Full lists here: Options AI Free Tools.

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Based upon publicly available information derived from option prices at the time of publishing. Intended for informational and educational purposes only and is not any form of recommendation of a particular security, strategy or to open a brokerage account. Options price data and past performance data should not be construed as being indicative of future results and do not guarantee future results or returns. Options involve risk, including exposing investors to potentially significant losses and are therefore not suitable for all investors. Option spreads involve additional risks that should be fully understood prior to investing. Securities trading is offered through Options AI Financial, LLC, member FINRA and SIPC

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