NDX Gamma Levels EOD

٢٣ نوفمبر ٢٠٢١

NDX total gamma decreased from 12.2M to 7.3M, which points to higher vol going forward. The overall gamma environment is still positive though, which means option dealers act as liquidity providers, stabilizing the markets. Below 15990 dealers are forced to hedge cyclical and sell into weakness which typically produces violent up/down moves.