📖 “Snappy Trappy Tuesday: A Gamma-Soaked Tale from the PTG Trading Room”
It was the first trading day of July, and Wall Street woke up wearing its patriotic flip-flops, already halfway into holiday mode. But inside the PTG Trading Room, the lights were on and charts were glowing—the hunt was on.
PTGDavid kicked things off with the essentials:
Key Links were dropped like breadcrumbs for the disciplined—Trade Strategy, Range Calculator, and of course, the CFTC Warning Label reminding everyone that past performance is no guarantee of future beach houses.
🎤 Enter Powell, Stage Left
By 9:30AM, Jerome Powell stepped onto the mic with the vague, syrupy tone of a man trying not to move markets.
“Can’t say if July is too soon for a rate cut…”
Translation? “Let’s just all enjoy the barbecue and revisit inflation later.”
Markets responded by yawning—and slowly drifting upward.
Then came the Gamma Boys. PTG relayed that volatility was expected to contract, putting a bid under equities like a trampoline under a toddler. The Call Wall shifted up to 6,235, making that the ceiling to watch. But it wasn’t just any Tuesday…
🦅 Captain Condor Soars Again
At 7:57AM, the legend returned:
“We start today with Captain Condor, who has positioned himself with a massive +29k SPX Condor at 6,235/6,240 and 6,175/6,170.”
It was a high-stakes game of wings and firewalls, a classic 0DTE iron condor play. Traders took notes, sharpened their risk tools, and checked the upper and lower airspace.
🧱 Building the Sandbox
Next came the sandbox:
PTG mapped the early price containment zone between 6234–6244. Above that? Bullish skies. Below? Bear country.
By 9:58AM, 6245 was christened “Line in the Sand”—the daily battle line. Powell’s comments pushed price up, but it danced indecisively near the line like a boxer feinting for an opening.
ISM came in at 49.0, slightly better than forecast—but still under 50.
JOLTS job openings blew expectations out of the water: 7.77M vs 7.3M est.
🐻 Trapdoor Opened… Then Snapped Shut
Just after 11AM, the Bear Scenario ignited.
“Price sustains an offer below 6245,” David wrote, “targeting 6230–6225.”
And like a well-oiled machine, the market delivered. Targets hit. Precise reversals followed. It was, as PTG said:
“Ultra Precise Reversal from lower target zone…”
📷 Retracement and Money Box Chart
David called on traders to practice measuring the “Money Box Zones.” No guessing. No hope. Just math and tape.
🥪 Lunchtime Mantra: Measure Twice… Cut Once
As the lunch bell rang, David left traders with this thought:
“Only way to learn is by doing… Measure Twice. Cut Once.”
💣 Afternoon Fireworks (Thanks, TTB)
Then came Trump Tweet Bomb #473.
At 3PM:
“Japan might face a 30% or 35% tariff,” Trump declared.
And just like that—
“Market takes a dump… Thank you TTB,” David quipped.
📷 TTB Reaction Chart
At this point, traders were jokingly circling “TTB” on their Bingo Trading Cards. Another day, another algorithm-triggered swing.
🛒 Market on Close: $2B Buy? Yawn.
By the closing bell, a $2 billion MOC buy imbalance barely moved the needle.
The market had already played its full hand.
📘 Final Word: The Daily Strategy Wins Again
“Both upside and downside target zones were fulfilled… per last evening’s outline,” David confirmed.
🎓 Educational Takeaway:
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Sandbox Edges: Use overnight highs/lows and volatility cues to box in price expectations.
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Line in the Sand = Directional Trigger. Don’t guess—react.
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The Money Box Tool: Your precision measuring tape for high-probability zone work.
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Gamma Compression = Opportunity Framing. The options market paints edges before cash confirms them.
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“Captain Condor” setups are real—so study the structure of spreads in SPX for directional clues.