Morning Report + Monthly Options Expire! 🤔

Day Trading Update 6/20/25

Welcome to the morning report, where I go over the setup for the day as it relates to day trading. I’ll review levels using options gamma and show you where the support and resistance lie along with some other proprietary metrics like options skew that have good track records for forecasting bullish or bearish tendencies for the day.

Let’s see what the day has in store for us!

Today’s Setup

Today we are recovering from yesterday’s selloff. Since US investors weren’t in the markets yesterday, I’ll show you what really happened while Europe was running the ship for a day. They tried to run us down another 1% and it didn’t work. We landed on the Purple line (monthly VWAP) and bounced. We are now opening near the Yellow line (weekly VWAP) and it’s likely to be heavy resistance today. You can see from this kind of thing - Europe is selling the hell out of everything, US investors are buying it. It’s a natural experiment.

Europe Tried to Sell It While US Investors Took the Day Off, It Did Not Work

Staples are finally having a good day - I noted some setups last week for subs on those and we are trading those pretty heavily here. 🧻🧻 for the win. TSLA is on the run today too as it continues to flip its shareholder base from the weak hands of Mom-and-Pop types that ran it up 400+ (and none of them made any money) to the institutional folks buying it at a discount around 280 (some of those folks are already making money).

It is MopEx which means the moves can get a little wild and unpredictable. We should have a window of weakness opening up soon after this expiration. Remember one of the strikes for the big JPM trade is around 5900 on SPX, so that level is pretty large support. Weakness likely limited by that (unless Trump decides to do something unpredictable, which is entirely possible).