Market Overview Archive — Past Analysis | FlashAlpha

Market Overview Archive

Past market structure analyses. Each entry is a comprehensive 11-section report covering forward vol, dealer positioning, skew, regime, and scenario EV.

Wednesday, June 3 2026 Basic+ open

Positive gamma across index complex with

Wed Jun 3 · 13:48 UTC
Tuesday, June 2 2026 close wrap

Positive gamma across index complex with steep VIX contango - vol sellers favored, mean-reversion regime intact

Tue Jun 2 · 20:18 UTC
Tuesday, June 2 2026 midday

Positive gamma cushion intact across

Tue Jun 2 · 16:32 UTC
Tuesday, June 2 2026 open

SPY pinned at gamma flip with QQQ holding positive gamma - divergent dealer regimes amid

Tue Jun 2 · 13:47 UTC
Monday, June 1 2026 close wrap

Positive gamma cushion across SPY/QQQ holds while IWM slips below flip - divergence is the story

Mon Jun 1 · 20:17 UTC
Monday, June 1 2026 midday

Positive gamma index complex, IWM lagging negative; VIX

Mon Jun 1 · 16:33 UTC
Monday, June 1 2026 open

Positive gamma index complex with IWM lagging; VIX contango invites vol selling but skew warns tail bid

Mon Jun 1 · 13:47 UTC
Friday, May 29 2026 close wrap

Positive gamma across index complex with steep VIX contango - vol sellers favored, mean-reversion regime intact

Fri May 29 · 20:17 UTC
Friday, May 29 2026 midday

Positive gamma across index complex with VIX at

Fri May 29 · 16:32 UTC
Friday, May 29 2026 open

SPY in negative gamma below flip while QQQ/IWM hold positive - divergence is today's tell

Fri May 29 · 13:47 UTC
Thursday, May 28 2026 close wrap

Positive gamma across index complex with steep VIX contango - vol sellers favored, mean reversion wins

Thu May 28 · 20:17 UTC
Thursday, May 28 2026 midday

Positive gamma across index complex with

Thu May 28 · 16:34 UTC
Thursday, May 28 2026 open

Data fetch failed; regime undetermined with

Thu May 28 · 13:49 UTC
Wednesday, May 27 2026 close wrap

Positive gamma cushion intact at

Wed May 27 · 20:17 UTC
Wednesday, May 27 2026 midday

Positive gamma cushion in SPY/IWM, QQQ short-gamma fragile - divergence is today's lead story

Wed May 27 · 16:33 UTC
Wednesday, May 27 2026 open

Positive gamma cushion intact on SPY/IWM, QQQ slips below flip - divergence is the story

Wed May 27 · 13:48 UTC
Tuesday, May 26 2026 close wrap

Negative gamma across complex with VIX at

Tue May 26 · 20:17 UTC
Tuesday, May 26 2026 midday

Negative gamma across index complex with VIX in contango - amplified moves, but vol sellers structurally favored

Tue May 26 · 16:33 UTC
Tuesday, May 26 2026 open

SPY short gamma below

Tue May 26 · 13:47 UTC
Friday, May 22 2026 open

Positive gamma cushion intact; SPY

Fri May 22 · 13:47 UTC
Thursday, May 21 2026 close wrap

Positive gamma across index complex with steep VIX contango - mean-reversion regime intact

Thu May 21 · 20:17 UTC
Thursday, May 21 2026 midday

Index complex in positive gamma with VIX in

Thu May 21 · 16:32 UTC
Thursday, May 21 2026 open

SPY pinned just below gamma flip at

Thu May 21 · 13:47 UTC
Wednesday, May 20 2026 close wrap

Positive gamma across index complex with steep contango - vol sellers paid, mean-reversion regime holding into close

Wed May 20 · 20:18 UTC
Wednesday, May 20 2026 midday

Positive gamma cushion holds across index complex with

Wed May 20 · 16:32 UTC
Wednesday, May 20 2026 open

Positive gamma cushion intact across

Wed May 20 · 13:47 UTC
Tuesday, May 19 2026 close wrap

SPY in negative gamma below

Tue May 19 · 20:17 UTC
Tuesday, May 19 2026 midday

SPY negative gamma below flip with QQQ positive gamma - divergent dealer regimes, contango carry intact

Tue May 19 · 16:32 UTC
Tuesday, May 19 2026 open

SPY

Tue May 19 · 13:48 UTC
Monday, May 18 2026 close wrap

SPY pinned at put wall in negative gamma while QQQ holds positive - cross-index divergence is today's lead

Mon May 18 · 20:17 UTC
Monday, May 18 2026 midday

Positive gamma intact across complex with VIX at

Mon May 18 · 16:32 UTC
Monday, May 18 2026 open

Negative gamma across index complex with

Mon May 18 · 13:47 UTC
Friday, May 15 2026 close wrap

SPY

Fri May 15 · 20:17 UTC
Friday, May 15 2026 midday

SPY positive gamma cushion above flip while QQQ/IWM sit short gamma - index complex split

Fri May 15 · 16:32 UTC
Friday, May 15 2026 open

Negative gamma across complex with VIX bid

Fri May 15 · 13:47 UTC
Thursday, May 14 2026 close wrap

SPY positive gamma cushion intact above flip; QQQ pinned at flip - divergence is the lead story

Thu May 14 · 20:17 UTC
Thursday, May 14 2026 midday

Positive gamma across index complex with steep contango - vol sellers favored, spot pinned above flip at

Thu May 14 · 16:32 UTC
Thursday, May 14 2026 open

SPY pinned at gamma flip with

Thu May 14 · 13:47 UTC
Friday, May 8 2026 close wrap

Positive gamma across index complex with steep VIX contango - vol sellers in control, mean-reversion regime intact

Fri May 8 · 20:17 UTC
Friday, May 8 2026 midday

Positive gamma cushion across index complex; VIX at

Fri May 8 · 16:32 UTC
Friday, May 8 2026 open

Steep contango with SPY short-gamma below

Fri May 8 · 13:47 UTC
Thursday, May 7 2026 close wrap

SPY

Thu May 7 · 20:17 UTC
Thursday, May 7 2026 midday

SPY pinned at gamma flip

Thu May 7 · 16:32 UTC
Thursday, May 7 2026 open

Positive gamma cushion intact across index complex with VIX in steep contango at

Thu May 7 · 13:47 UTC
Wednesday, May 6 2026 close wrap

Positive gamma across index complex with steep VIX contango - vol sellers favored, mean-reversion dominant

Wed May 6 · 20:17 UTC
Wednesday, May 6 2026 midday

Positive gamma across index complex with VIX in steep contango and

Wed May 6 · 16:32 UTC
Wednesday, May 6 2026 open

Positive gamma across index complex with VIX in steep contango - mean reversion regime, vol sellers favored

Wed May 6 · 13:47 UTC
Tuesday, May 5 2026 close wrap

Positive gamma index complex with steep contango - vol sellers favored at

Tue May 5 · 20:17 UTC
Tuesday, May 5 2026 midday

Positive gamma across index complex with

Tue May 5 · 16:32 UTC
Tuesday, May 5 2026 open

Positive gamma cushion across index complex with

Tue May 5 · 13:47 UTC
Monday, May 4 2026 close wrap

Negative gamma index complex with VIX contango

Mon May 4 · 20:17 UTC
Monday, May 4 2026 midday

SPY negative gamma below flip at

Mon May 4 · 16:32 UTC
Monday, May 4 2026 open

SPY negative gamma below flip

Mon May 4 · 13:48 UTC
Friday, May 1 2026 close wrap

Positive gamma cushion intact across index complex with VIX at

Fri May 1 · 20:17 UTC
Friday, May 1 2026 midday

Positive gamma across index complex with steep VIX contango - vol sellers favored, mean-reversion regime intact

Fri May 1 · 16:32 UTC
Friday, May 1 2026 open

Positive gamma cushion across index complex with VIX in steep contango - vol sellers favored

Fri May 1 · 13:47 UTC
Thursday, April 30 2026 close wrap

Positive gamma cushion holds across index complex with VIX easing into

Thu Apr 30 · 20:17 UTC
Thursday, April 30 2026 midday

Positive gamma cushion across index complex with VIX cooling into

Thu Apr 30 · 16:32 UTC
Thursday, April 30 2026 open

SPY pinned at flip with VIX in contango - fade extremes, dealer charm destabilizing into close

Thu Apr 30 · 13:47 UTC
Wednesday, April 29 2026 close wrap

SPY positive gamma cushion vs QQQ/IWM short-gamma fragility - index complex split

Wed Apr 29 · 20:17 UTC
Wednesday, April 29 2026 midday

Negative gamma across index complex with VIX at

Wed Apr 29 · 16:32 UTC
Wednesday, April 29 2026 open

SPY pinned at put wall

Wed Apr 29 · 13:49 UTC
Tuesday, April 28 2026 close wrap

Negative gamma across SPY/QQQ/IWM with spot pinned at

Tue Apr 28 · 20:17 UTC
Tuesday, April 28 2026 midday

Negative gamma into 0DTE pin with VIX contango - amplified moves, but vol sellers still favored on duration

Tue Apr 28 · 16:32 UTC
Tuesday, April 28 2026 open

Negative gamma below

Tue Apr 28 · 13:48 UTC
Monday, April 27 2026 midday

Positive gamma across index complex with VIX in contango - mean-reversion regime, vol sellers favored

Mon Apr 27 · 16:32 UTC
Monday, April 27 2026 open

Positive gamma cushion across index complex with VIX in contango - vol sellers favored, mean-reversion regime

Mon Apr 27 · 13:47 UTC
Friday, April 24 2026 close wrap

Positive gamma across index complex with

Fri Apr 24 · 20:17 UTC
Friday, April 24 2026 midday

Positive gamma cushion intact with VIX at

Fri Apr 24 · 16:32 UTC
Friday, April 24 2026 open

SPY pinned at gamma flip in steep contango; QQQ cushion holds while IWM stays fragile

Fri Apr 24 · 13:47 UTC
Thursday, April 23 2026 close wrap

SPY short-gamma below

Thu Apr 23 · 20:17 UTC
Thursday, April 23 2026 midday

Positive gamma across index complex with VIX at

Thu Apr 23 · 16:32 UTC
Thursday, April 23 2026 open

Positive gamma cushion holds as SPY pins

Thu Apr 23 · 13:47 UTC
Wednesday, April 22 2026 close wrap

Positive gamma holds across the index complex with VIX in contango

Wed Apr 22 · 20:17 UTC
Wednesday, April 22 2026 midday

SPY positive gamma above flip; IWM short-gamma laggard; VIX contango with elevated VVIX - fade strength, respect

Wed Apr 22 · 16:32 UTC
Wednesday, April 22 2026 open

Positive gamma across index complex with VIX in contango; mean-reversion regime but VVIX creeping

Wed Apr 22 · 13:47 UTC
Tuesday, April 21 2026 close wrap

Negative gamma in SPY/IWM with QQQ holding positive - divergence is the lead, vol bid into close

Tue Apr 21 · 20:17 UTC
Monday, April 20 2026 close wrap

SPY positive gamma cushion intact above flip; QQQ slipped negative - tech the fragile leg

Mon Apr 20 · 20:17 UTC
Monday, April 20 2026 midday

SPY pinned below flip in negative gamma while QQQ/IWM hold positive - index complex diverged

Mon Apr 20 · 16:32 UTC
Monday, April 20 2026 open

SPY positive gamma at

Mon Apr 20 · 13:47 UTC
Friday, April 17 2026 close wrap

Positive gamma ceiling at call wall

Fri Apr 17 · 20:23 UTC
Friday, April 17 2026 midday

Positive gamma +

Fri Apr 17 · 16:39 UTC
Friday, April 17 2026 open

Positive gamma cushion, VIX

Fri Apr 17 · 13:54 UTC
Thursday, April 16 2026 close wrap

Positive-gamma index complex w

Thu Apr 16 · 20:17 UTC
Thursday, April 16 2026 midday

Positive gamma anchored at

Thu Apr 16 · 16:32 UTC
Thursday, April 16 2026 open

Positive gamma on SPY/IWM, QQQ

Thu Apr 16 · 14:00 UTC
Wednesday, April 15 2026 close wrap

Positive gamma pinning near ca

Wed Apr 15 · 20:21 UTC
Wednesday, April 15 2026 midday

Positive gamma suppression hol

Wed Apr 15 · 16:36 UTC
Wednesday, April 15 2026 open

Positive-gamma SPY cushion vs

Wed Apr 15 · 16:04 UTC
Tuesday, April 14 2026 close wrap

Positive gamma cushion intact;

Tue Apr 14 · 20:22 UTC
Tuesday, April 14 2026 midday

Positive-gamma cushion in SPY

Tue Apr 14 · 16:59 UTC
Tuesday, April 14 2026 open

Steep contango + deeply negati

Tue Apr 14 · 14:17 UTC
Monday, April 13 2026 close wrap

Elevated vol contango with neg

Tue Apr 14 · 05:01 UTC
Monday, April 13 2026 midday

Positive gamma across index co

Mon Apr 13 · 20:31 UTC
Monday, April 13 2026 preopen

Positive gamma cushion absorbs

Mon Apr 13 · 20:17 UTC