OpEx flows + Intraday post (17/July)

Here you can find again the monthly post, breaking down the monthly volatility exposures, inflection points and targets. The flows are starting to materilaize as expected…

The market is holding the weekly target that my momentum model signed as an important spot level to perform, and also it could not broke above the upside targets posted daily.
In my monthly post, I explained why the OpEx will have stabilizing effect on the spot, despite the shorter upside gamma positioning, and also marked this three days window where a top can start to be formed. Pretty much looks like it is happening,

while volatility is slowly bottoming and remains muted through the predicted vomma supply, as funds don’t let the volatility to be uncontrolled here.

The reasons for those positionings where explained here.
If market produces a lower than 6258.78 average price for the next five days window, thats a sign that the rebalancing act has started.
But my main risk target, where the market will start to get controlled pullback, is still the post-FOMC window. Market will most likely rangebound until then. The question is the drift…

Let’s jump into the positioning…