$SPY just tagged its DAILY implied high. 👀 And everyone’s celebrating like the market just broke out. Let me show you what I’m watching. $773.68 was today’s daily implied range high. We’re sitting right on it at $774. The call wall is right here at $775. That’s where the biggest wall of call positioning sits and walls like that tend to act like a ceiling. But the level I’ve been talking about for DAYS is $779. That’s where the 2 hour imbalance is. And guess what else is sitting right there? The WEEKLY implied high at $779.80. Two levels stacked on top of each other. Same damn area. That’s where I’ve said multiple times I want to be grabbing puts. Now look DOWN. 👇 There’s a $1.48 BILLION negative gamma node sitting at $760. It’s the King node across all expirations and it’s also the put wall. Big nodes like that act like magnets. And $755 is right below it, which is the other side of that same imbalance. So here’s my plan: Let it run into $779–$780. That’s where I want puts. $760 first, then $755. Bulls can have their fun up here. I’m waiting for the market to come to ME.
TraderJonesyShare

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