SPX Spot: 7,753.11
VIX Chart Expiration: August 12, 2026 — confirmation only
VIX Spot: 14.90
Today's structure centers on 7750/7745. Above that zone, large positive gamma should encourage market makers to sell strength and suppress volatility. Below 7745, the negative put-gamma structure becomes much more important and can make downside movement faster.
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