🎬 Morning Roll Call with PTGDavid
PTGDavid launched the FRYday session with all the must-haves faster than you could say “OPEX.” Traders were greeted with links, legalese, and a roadmap to navigate a day that was anything but ordinary.
🔗 KEY LINKS
💥 Markets Hit the DTS Bullseye
Before the coffee even kicked in, both $ES and $NQ were already spiking like a toddler on espresso:
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✅ $ES Upper Target Hit: 6040
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✅ $NQ Upper Target Blasted: 21,970 and counting
“Solid start to OPEX” – understated like calling Taylor Swift “somewhat popular.”
🧲 OPEX: Options Magnetism on Full Display
June OPEX is no small expiration—it’s the largest one ever, and the market behaved accordingly:
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🎯 SPX 6000 became the epicenter.
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📍 6055 ES mirrored that strike to the tick. Coincidence? We think not.
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🧘 Gamma Guys say: Expect price to revolve around SPX 5900 into 6/30.
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✈️ Recommended: Load up on Put Flies centered around 5,900 for the week ahead.
🧩 Options Mechanics and Sentiment:
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Massive call OI = likely post-OPEX chop or drop
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5,905 JPM strike = the market’s built-in “shock absorber”
🖼️ Supporting Visuals:
🧘♂️ Trader Mindset: Yumi and the Inner Lunatic
PTGDavid sprinkled in a dose of Trader Psychology with a pair of cheeky gems:
“Avoid FOMO… and talk down the lunatic in your head.” — Real PTG advice.
📚 PTG University: BLTs for Breakfast
BLTs (no bacon, but plenty of heat): The Barbara Lopez Trade took center stage in the educational discussion:
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✔️ Price action reversals at extremes
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✔️ Premium/Discount dislocations
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✔️ Spotting the BLT “slap in the face” moments
🧠 Real-time trader dialogue covered:
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OODA loops
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Ascending triangles
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Stackers and Lean Tools
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Live BLT identification
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And a cameo from Starlink (because why not?)
🥪 Lunch Wrap-Up
With the AM session locked down and price obediently orbiting 6055 like a satellite, PTGDavid took a well-earned break.
“Lunch time grind… Decent morning session.”
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🔍 Educational Takeaways
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📍 OPEX Pinning: Markets often gravitate toward strikes with high open interest during expiration. Watch the 6,000 strike—price acted like it had a GPS.
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⚖️ Call-Heavy Expirations: When calls dominate, post-OPEX weakness or sideways churn is a high-probability scenario.
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🛫 Put Flies Strategy: Defined-risk structure to play neutral-to-bearish bias around SPX 5,900.
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🧠 BLT Reversals: Use premium/discount detection to identify exhaustion trades. PTG calls it “getting slapped by price reality.”
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🧘 Psych Edge: Control emotions. Avoid impulsivity. Stay in alignment. And if you’re hearing voices, just make sure they’re profitable.
🎤 Final Word:
Friday’s OPEX session was less about surprise and more about precision. The market pinned like a seasoned gymnast. And PTG traders? They stuck the landing.