Triple Witching | Gamma Unleashed | Capital Preservation Wins
If you came into FRYday expecting a sleepy OPEX grind… congratulations — you were violently wrong.
This was the largest OPEX on record, and the market wasted exactly zero time reminding participants that liquidity events do not negotiate.
🎯 Opening Act: Mission Accomplished Early
-
Initial Upside Target Zone (6845–6860) — ✔️ Fulfilled
-
Three-Day Cycle Objective: 6871.18 — ✔️ Tagged by mid-morning
-
Anything beyond that? Pure gravy. No chasing required.
Support Buy 6831–6835 delivered a clinic-level execution, producing a +50pt ES run that paid for Christmas, dessert, and a porterhouse on the side. Well played, Manny. 🥩
🧠 Gamma Intelligence (The Calm After the Storm)
Per Gamma Guy:
-
~$1.8T SPX delta expired at the 9:30am AM expiration
-
~6,700–6,800 negative gamma removed
-
0DTE strikes near 6805 cleared out
-
Structure cleaned up → reduced volatility bias post-AM exp
Translation:
Once the morning gamma fog lifted, the battlefield clarified, and price behaved like it had somewhere important to be.
⚔️ Midday: Hold the Line
-
Battle Line: 6872
-
Bulls held firm
-
Attempts to fade were met with polite refusal
-
Market respected value and stayed bid despite:
-
Connectivity chaos
-
50–70mph coastal winds
-
Literal flooding outside HQ 🌊
-
Risk management > bravado. Live accounts protected. Professionalism undefeated.
🕯️ Closing Bell: No Panic, No Dump
-
MOC Sell Imbalance: $1.4B
-
Market response? Absorbed it.
-
Price held the bid into the close
That’s not distribution — that’s inventory control.
🎄 Looking Ahead
With Triple Witching in the rear-view mirror and structure stabilizing:
Next Week: Santa Claus Rally officially goes on deck.
Stay disciplined. Stay patient.
Let the market invite you — don’t kick the door in.
Have a great weekend, PTG crew.
And if you find sea shells or Spanish doubloons on the beach… consider it alpha.