Daily Analysis
S&P 500 (ES) Futures: The Gamma Cliff Beneath Record Highs
SPX 7,041 New All-Time High $15B+ Record Options Delta 99.3% 14-Day Stochastic Between 10:55 and 11:10 AM on Wednesday, roughly $4 billion in positive cumulative options delta printed across the S&P 500 in barely fifteen minutes. That burst came on top of the prior session’s approximately $15 billion reading, already the largest single-day figure ever […]
FOMC Day: What Institutional Delta Shift and VIX Expiry Signal for ES Futures
AlgoIndex Research | March 18, 2026 FOMC Day: What $2.2 Billion in Institutional Delta Shift and VIX Expiration Tell You About the Two-Phase Setup in ES Futures The Setup in 30 Seconds ES closed March 17 at 6,773 after a +0.68% session. But institutional hedging flow collapsed from -$81M to -$2.2B in cumulative delta during […]