Reading the market regime before prices move
Reading the market regime before prices move
Every number here is computed from the traded XOP options chain. The call wall is where dealer hedging accumulates above spot and caps upside, the put wall is its mirror below, and the gamma flip is the level where hedging stops damping moves and starts amplifying them.
Computed
Last completed session, from the Finviro engine close archive · today's session levels refresh every five minutes inside the platform.
Price moves between these levels whether you see them or not. The difference is knowing them before your decision, not after.
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State Street SPDR S&P Oil & Gas Exploration & Production ETF is an exchange-traded fund in Financial Services, listed since 2006, with about $3.18B in assets. The fund's price follows what it holds, so it moves with its basket, not with one company.
This State Street SPDR ETF aims to deliver investment results that, prior to fees and expenses, generally mirror the total return performance of the S&P Oil & Gas Exploration & Production Select Industry Index. It offers investors targeted exposure to the oil and gas exploration and production segment of the S&P TMI, which includes the Integrated Oil & Gas, Oil & Gas Exploration & Production, and Oil & Gas Refining…
Its beta is −0.12: the fund often moves against the broad market or apart from it.
On the price was $199.02, above its 50-day simple average (DMA-50 at $188.75) by 5.4%, and above its 200-day average (DMA-200 at $167.77) by 19%. Price is above both averages: the medium- and long-term trend is up.
A fund does not publish earnings and revenue statements like a company, so its numbers are read from its assets and its price.
These numbers describe the fund's size and nature and change slowly, while gamma levels describe how the fund moves within the session.
