deltahedge

Behind the screens, market makers are sweating at 650.

This strike is the "Zero Gamma" flip line. As long as $SPYon stays above, they provide liquidity. The moment we print a solid candle below 650, they are forced to sell futures to stay neutral. It’s a self-fulfilling prophecy of downside pressure.

Bulls need to defend this like the Alamo. If it snaps, the trap door opens. 🏛️💥 #SPY #OptionsTrading #DeltaHedge