The Market Is About To Shift - Here's Why This Week Matters

0:00 The market continued to move higher today after attempting to double bottom last week just below the 6650 level. The S&P today was up.3% closing at 6720. Most of the gam exposure is between the 6700 and the 6800 strike. And we're about to enter another period of potential heightened volatility. We've got VIX expiration tomorrow morning. We've got the FOMC tomorrow afternoon. and we've got the monthly March opex on Friday. So, as of right now in the options market, most of the trading is occurring between the 6700 and the 6,800 strikes. We noted that in last week's YouTube videos, especially as we attempted to retest those lows on Friday, just below that 6650 level. One

0:45 of the pieces of evidence that we could potentially be seeing a near-term bottom is that gamma exposure really dropped off below that 6700 strike. So most of the GEX continuing to skew higher above where we've been trading over the course of the last week. And so this is showing us that most of the positioning in the options market is at slightly higher strikes. Of course, we are still in a headline driven market environment. The VIX is still very elevated, although certainly off of recent highs. VIX futures were as high as 35 in the pre-market on Monday. However, you can see we are well off those levels coming all the way back down now in the lower 20s at 2239. However, we have not even gotten back to the 50-day EMA which is

1:30 currently at 2056 and we're nowhere near uh this trend line which started right before Christmas. VIX expiration tomorrow morning should be interesting. Most of the gamma exposure is between this 21 and 22 strike right in this zone where we're currently at. It'll be interesting to see in the next coming days after VIX expiration if we do see a continuation lower. Ball sellers have been extremely active over the last week and we have seen the VIX respond heading lower during that time period. Next, let's take a look at small caps by looking at IWM, the small cap ETF up.45% today, closing right at that 250 level. And as you guys know, we've been selling premium at that 250 strike. In fact, today in our IWM weekly income strategy in Discord, we actually locked in $1,650

2:19 profit on our short March 17th IWM 250 puts. We rolled those to tomorrow's expiration, sticking with that 250 strike. You can see from our post at the time, we're highlighting all the gamma exposure at that 250 strike. And this has been in place for the past week or so. We basically have just been selling premium right around that strike. You can see just yesterday we actually locked in another $4,470 profit at that exact same strike, selling those 250 puts. We're hedging with Friday's IWM 247 put. So, we're going long the 247 puts that expire Friday and selling zero DTE premium at that 250 strike over the last several trading sessions. And in fact, if you just look at the chart structure as well

3:04 as our gamma exposure data structure, you can see we're sandwiched between the 200day EMA at 24334 currently and the 50-day EMA at 25702. That 250 strike is basically right in the middle of all of that congestion. Most of the options volume is also at that 250 strike. And this has been the case for about the last week. So, this has prompted us to be selling heavy premium right in this zone. And you know, you have many days like today where we're closing right at that pin at that 250 level. This has been working out really nicely over the last several trading sessions. By the way, if you guys are interested in tracking our trades in real time, you can become a member at geeksofinance.com. You can also get a sneak peek of what we're trading right now by checking out

3:49 our community Discord links in the description below. And we've also been tracking the crypto markets quite extensively. Bitcoin has actually been performing quite well while we've seen GLD and SLV which have been the outperformers over the last 6 months start to pull back. Now, Bitcoin still has a long ways to go to get out of this downtrend that it's in, but it has taken the first step by closing above the 50-day EMA, which is currently sitting at 72,900. The gamma exposure data has shifted just slightly higher. Most of the GEX right between the 75,000 and 80,000 level. That's what crypto bulls will want to see, a continued skew higher in the gam exposure data. Currently, the 200day EMA is sitting at 87,500.

4:37 So, still a long ways to go to really get back into bullish momentum territory, but again, first step in the right direction, getting one or two closes above that 50-day EMA and starting to see some of the GAM exposure data shifting higher. This is a net positive I think for markets overall showing that some of these riskon assets like crypto and some of the riskon names in the equity markets are actually starting to see inflows over the last couple of weeks during this time of heightened volatility. So if we continue seeing these kind of flows in some of these names, I think the market actually has a better chance of recovering here in the short term and that's something we're watching very closely. I mentioned GLD a second ago. Let's take a look at that. GLD, the gold ETF, seen a pullback over the last several trading sessions,

5:23 but still within the larger uptrend that we've been in over the last year and a half. Still sitting well above the 50-day EMA. Most of the gamma exposure concentrated between that 450 strike and the 500 strike. And most of the options volume also between those levels as well. So during this pullback, it looks like market participants are continuing to come in and position at higher strikes. We've essentially been doing the exact same thing in our weekly income strategy. Actually, just yesterday, we sold the 465 puts, hedging with the 460 puts. And in fact, we sold those 465 puts in tomorrow's expiration. So, that's going to be an interesting day with the FOMC. We may be holding this right until the market close. We did sell those 465 puts for $6.40.

6:10 We've got room down to 45860, but anything above the 460 level looks pretty good in terms of premium collection. We are hedging with the 460 puts expiring in next Friday's expiration. So, we got time on those and we're just going to keep rolling those 465 puts using gamma exposure for strike selection. But in general, the trend is still up and to the right. We're seeing some pause here on this pullback over the last few trading sessions, but we actually think this is a pretty decent area for long entries and for selling premium at higher strikes. And that's exactly what we're doing in our GLD weekly income strategy. Next, let's take a look at Google. And we have been tracking a number of the MAG7 names, especially closely over the last couple

6:55 of weeks. A lot of those names have been outperforming over the last week. Google is no exception over the last several trading sessions, trading higher by about 3%. But in general, Google has been flatlining over the last several months with this 300 level as a key support level. We've seen a number of bounces. The GAM exposure data continues to point higher, however, indicating that this 300 level could hold as support. The 50-day EMA is sitting at 31091 and that has been holding as resistance to the upside so far, but we think the GAM exposure data pointing higher potentially up to that 320 strike if we can get another close above that 50-day EMA. Uh we could see a slight momentum breakout to the upside,

7:41 potentially moving up back up to that 320 level. We'll be looking at a number of potential option strategies on Google as well as a number of other names. If you guys are interested in learning more, you can become a member at geeksofinance.com. We just extended our spring sale for a limited time. You can get an additional $300 off our yearly portfolio manager tier subscription. Use code spring 2026 at checkout. This discount's going to be ending in a couple of days, so definitely take advantage of it while you can. Members get full access to our gamma exposure dashboard, our option flow analytics tools, as well as our algorithmic trading strategies. And you'll also get access to the premium channels in our community Discord. It's a great resource. Definitely check it out when you get a chance. Links in the description below. Thanks so much

8:27 everybody for watching and we'll see you guys in the next video.