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:
-
$ES Upper Target Hit: 6040
-
$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:
-
SPX 6000 became the epicenter.
-
6055 ES mirrored that strike to the tick. Coincidence? We think not.
-
Gamma Guys say: Expect price to revolve around SPX 5900 into 6/30.
-
Recommended: Load up on Put Flies centered around 5,900 for the week ahead.
Options Mechanics and Sentiment:
-
Massive call OI = likely post-OPEX chop or drop
-
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:
-
Price action reversals at extremes
-
Premium/Discount dislocations
-
Spotting the BLT “slap in the face” moments
Real-time trader dialogue covered:
-
OODA loops
-
Ascending triangles
-
Stackers and Lean Tools
-
Live BLT identification
-
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.”
—
Educational Takeaways
-
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.
-
Call-Heavy Expirations: When calls dominate, post-OPEX weakness or sideways churn is a high-probability scenario.
-
Put Flies Strategy: Defined-risk structure to play neutral-to-bearish bias around SPX 5,900.
-
BLT Reversals: Use premium/discount detection to identify exhaustion trades. PTG calls it “getting slapped by price reality.”
-
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.