TLDR;
This video provides a market analysis focusing on gamma exposure and recent trading strategies. It covers the S&P 500, VIX, IWM (small caps), Bitcoin, GLD (gold ETF), and Google, highlighting key levels, recent performance, and potential trading opportunities. The speaker also discusses their weekly income strategies and a spring sale for their portfolio manager tier subscription.
- Market Update: S&P 500, VIX, IWM, Bitcoin, GLD, Google
- Options Trading: Gamma exposure, strike selection, premium selling
- Strategies: Weekly income strategy, hedging
- Special Offer: Spring sale on portfolio manager tier subscription
S&P 500 and VIX Analysis [0:00]
The S&P 500 closed up.3% at 6720, with most gamma exposure between the 6700 and 6800 strikes. The market is entering a period of potential heightened volatility due to VIX expiration, FOMC, and monthly March opex. Gamma exposure dropped off below the 6700 strike, indicating a potential near-term bottom. The VIX, while off recent highs, remains elevated, and VIX futures have decreased from 35 to the lower 20s. Most gamma exposure for VIX is between the 21 and 22 strike.
IWM (Small Caps) Strategy [1:59]
IWM, the small cap ETF, is up.45%, closing at 250. The speaker's team locked in $1,650 profit on short March 17th IWM 250 puts and rolled them to tomorrow's expiration, sticking with the 250 strike. They have been selling premium around the 250 strike, with significant gamma exposure at that level. The chart structure shows IWM sandwiched between the 200-day EMA at 243.34 and the 50-day EMA at 257.02, with the 250 strike in the middle.
Bitcoin and Crypto Markets [3:53]
Bitcoin has been performing well, closing above the 50-day EMA at 72,900, while GLD and SLV have pulled back. Gamma exposure data has shifted slightly higher, between the 75,000 and 80,000 level. The 200-day EMA is at 87,500. This is a net positive for markets, showing inflows into risk-on assets like crypto.
GLD (Gold ETF) Strategy [5:16]
GLD, the gold ETF, has seen a pullback but remains in a larger uptrend, sitting above the 50-day EMA. Most gamma exposure is concentrated between the 450 and 500 strikes. The speaker's team sold 465 puts, hedging with 460 puts, for tomorrow's expiration, collecting $6.40 in premium. The trend is still up, and this pullback is seen as a decent area for long entries and selling premium at higher strikes.
Google (MAG7) Analysis [6:50]
Google has been outperforming, trading higher by about 3%, but has generally been flatlining with the 300 level as key support. Gamma exposure data continues to point higher, indicating the 300 level could hold as support. The 50-day EMA is at 310.91 and has been holding as resistance. A close above the 50-day EMA could lead to a momentum breakout to the 320 level.
Membership and Spring Sale [7:53]
The speaker promotes a spring sale, offering an additional $300 off the yearly portfolio manager tier subscription with code SPRING2026 at checkout. Members get access to the gamma exposure dashboard, option flow analytics tools, algorithmic trading strategies, and premium Discord channels.
