IV Regime7/25
VIX20.8
Percentile—
Term StructureFront-end inversion — VIX1D > VIX (short-term stress)
VIX1D / VIX1.06
RegimeElevated
SHORT-TERM IV SPIKE
VIX1D elevated vs VIX — 0DTE IV likely overpriced. Favorable for selling 0DTE premium.
VIX1D HISTORICALLY HIGH
VIX1D at 91th percentile — IV historically rich. Favorable environment for selling premium.
Market Structure / GEX21/25
Net GEX$-839M
Gamma Regimenegative_gamma
Dealer Positionshort_gamma
No Gamma Flip — Above 8600 (net GEX never turns positive)
7,690
Call Wall
120 pts
7,570
Put Wall / Abs Gamma
1 pts
7,568.92
SPX Spot
69 pts
7,500
HVL
0DTE
Net GEX 0DTE$-354M
RegimeBELOW Put Wall
7,671
Gamma Flip
21 pts
7,650
HVL
30 pts
7,620
Call Wall
50 pts
7,570
Put Wall
1 pts
7,568.92
SPX Spot
Options Flow5/25
P/C Ratio0.00
Net Delta-245,393
Directionstrongly_bearish
Unusual Volume0 strikes
Block Trades0
Sweeps0
Total Alerts0
Portfolio Exposure0/25
Positions0
Delta0.0
Gamma0.00
Theta0.0
Vega0.0
VaR (95%)$0 (0.0% of BP)
Worst Stress$0 —
