CMS gamma levels.
Where CMS tends to stick and where it slips: the call wall, put wall, gamma flip and Volt, 15-minute delayed and free.
- CMS $69.58 · down 1.02% on the day · positive gamma overall (moves grind and levels hold)
- Levels: ★ Volt, the biggest level 70 (above price · 0.42 / 0.60% away); ↯ Surge, live flow 65 (below price · 4.58 / 6.58% away); ‖ call wall — ceiling, sticky 70 (above price · 0.42 / 0.60% away); ‖ put wall — floor, slippery 60 (below price · 9.58 / 13.77% away)
- Expected move today ±4.55 · pre-open reference
- Strikes nearest the money (high to low): 80 positive, 75 positive, 70 positive, 65 positive, 60 negative, 55 negative
- Weekly magnet confluence: the next 3 weekly expirations put their biggest positive-gamma level above price (agreement of positioning, not a prediction).
- ATM implied volatility 23.6%