Jim

Jim

The market feels like it's played EVERY card it knows to go up, and it has.

Now it's rotate from A-B-C-D without a MASSIVE Sell Signal.

That in Turn BURNS PUTS Because $VIX is less than 16, so NO VEGA TO PAY PUTS, All that Really Happens is Chop or Premium Theta Decay.

I am not mad at it, it's the game we played MAY to OCT of 2025. Just need to Realize this can GRIND Higher on No News or Events unless FED MACRO Get in the way.

IRAN - No One Cares Anymore....

The Easy Money is Gone from $Invesco QQQ Trust(QQQ.US) $SPDR S&P 500(SPY.US) $SPX for the most part in 2026.

Does NOT mean We ARE Going Down Though. Can Grind Higher as noted.

Going Down is Like MASSIVE HOT CPI/PPI.

Market Might Look Right Through that though.

TRUMP INVADES or ATTACKS IRAN -

NOT PROBABLE THIS LATE INTO THE YEAR!

FED STEPS ON THEIR OWN TOES WITH ENDING QE LIGHT $25-$45B a Month of Buying.

Maybe but Unlikely in 2026 IMO.

FED SIGNALS A RATE HIKE -

I REALLY TRULY DON'T THINK SO in JUNE or JULY.

🚨 $SPDR S&P 500(SPY.US) JULY OPEX SETUP 🚨

Entry is Key! Maybe after CPI PPI Data June 10th/11th.

I've been digging through the $SPDR S&P 500(SPY.US) option chain and something interesting is developing...

📊 Current $SPDR S&P 500(SPY.US): $756.48

🎯 Fib 2.0 Extension

Swing Low: $630

Swing High: $697

Fib 2.0 = $764

Now look at the Call OI:

🔥 Jul 17 $760C = 7,740 OI

🔥 Jul 17 $765C = 5,158 OI

Compared to:

Jul 31 $760C = 3,275 OI

Jul 31 $765C = 1,421 OI

The July 17 expiration has:

✅ 2.36x more OI at $760

✅ 3.63x more OI at $765

✅ Greater Gamma Influence

✅ More Dealer Hedging Pressure

✅ Stronger Price Magnet Potential

The real story is the confluence:

📍 760 = Largest Call Wall

📍 764 = Fib 2.0 Extension

📍 765 = Secondary Call Wall

That's a very tight 5-point target zone.

If $SPDR S&P 500(SPY.US) can break and hold above $760, dealer hedging could help fuel a move toward the 764-765 area.

Not a prediction.

Just following the positioning, the Greeks, and the chart.

🎯 Confluence Zone: 760-765

#SPY #SPX #OptionsTrading #Gamma #Fibonacci #StockMarket #Trading

TL;DR:

July 17 currently appears to be the more attractive expiration for a Gamma-Driven move because the OI concentration at $760 - $765 is substantially larger, and it aligns almost perfectly with Fib 2.0 extension target of $764.

$SPDR S&P 500(SPY.US) SEPT $750 $775 $780

$NVIDIA(NVDA.US) @grok what is your read on this tape and chart?

Japan Whoa..

$SPDR Energy Select(XLE.US) $United States Oil Fund LP(USO.US)

$Micron Tech(MU.US) WHAT IF THEY ARE IN WAVE 3 RUNNING UP TOWARDS JUNE 23rd EARNINGS?

GAMMA SQUEEZE SOLD CALLS EXPIRING 5/29 TODAY.

REST AND RELOAD FOR JUNE 5th NOW.

THEN JUNE 12th, June 18th and Eventually June 26th.

GAIN WINDOW - 🪟🪟🪟

$Amazon(AMZN.US) looking Steady......

$300 Late Summer On July PRIME DEAL DAYS Possible.

$Alphabet - C(GOOG.US) Setting up Earnings Run Up into July.

Will the Fed Raise Rates in 2026?

$SPDR S&P 500(SPY.US) @grok Analyze the early day Tape for $SPDR S&P 500(SPY.US) highlighting the CALL PREMIUM and the June Calls being bought in VOLUME.

$CPC $PCP Headed into WAR/IRAN Weekend TOTAL PUTS = 0.85 RISING TO BE EXPECTED

CALLS SUPPRESSED AT 1.18

$Invesco S&P 500 Eq Wgt ETF(RSP.US) EQUAL WEIGHT ATH...

$First Trust NASDAQ-100 Equal Weighted(QQEW.US) ATH...

$Micron Tech(MU.US) EARNINGS 6/23 -

GAIN WINDOW INTO FIB BAR 55!

$NVIDIA(NVDA.US) Yesterday $100M in calls were sold for the 5/22 expiration. Today $11M this is a house cleaning process, patience....

JAPAN NEW ATH....

$iShares MSCI USA Momentum Factor ETF(MTUM.US) For a Market to RUN you NEED Momentum.

GOOD Test of the 21 EMA, Reclaim 8 EMA

STOCKS Crossing Over Positive....

NFA

$Invesco QQQ Trust(QQQ.US) Don't Fake the FUNK on a NASTY Dunk!

Elder Force Positive

STOCHS Crossing Over Positive

Failed Breakdown of the 8-EMA

FULL BULL STACK 8/21 + 50>100>200

IT'S ALL IRAN/OIL/SHOCK ECT

SOLVE IT AND QQQ Can GRIND HIGHER....

NFA

$SPDR S&P 500(SPY.US) $Invesco QQQ Trust(QQQ.US) $SPX This is the MAIN EVENT FOCUS.

MAY 2025 into NOV 2025

MAY 2026 into NOV Elections MID TERMS

FIX THIS VIA IRAN/OIL RATES INFLATION AND WE HAVE A CHANCE.

$SPDR S&P 500(SPY.US) BULLS HAVE A CHANCE BUT WE KNOW IRAN IS RADICAL.

HEDGE FUNDS ARE NET SHORT - THAT IS A VANNA SQUEEZE THEY DONT WANT BUT WILL HAVE TO RESPECT IF THEY GET TRAPPED.

$Grayscale Bitcoin Mini Trust ETF(BTC.US) YOUR 24/7 365 RISK Guideline.

Above 80K BOOOLISH

Below 75K BEARISH

Chop in the middle.... NFA

$NVIDIA(NVDA.US) 5/22 All This Needs to Unwind. Even the Degens from Macau who bet $300 for 5/22 🤣🤣Let them sell their calls, let's IV Crush and Weekend Iran Fear Pull the Price into the Sweet Spot. Then Either Friday or Tuesday Take Your Leap into September October November December or January. With $80B buybacks, an increased Dividend and plenty of Theta should be able to Rebuild IV into August Earnings. July Capex Spend will be Reconfirmed by Mag 7.5/22 Open Interest Need to Sell For a Massive Haircut. It's not Long Term Bearish just Mechanics of Options Markets. Be patient....

$Invesco S&P 500 Eq Wgt ETF(RSP.US) looked Decent today....

$80K $Grayscale Bitcoin Mini Trust ETF(BTC.US)

RISK ON

RISK OFF

FLAT

$Grayscale Bitcoin Mini Trust ETF(BTC.US) Over $80K is an all Clear Sign IMO

We are still under it.....

NFA