Early this morning, I posted a breakdown of Tuesday’s options activity describing the highest activity in long puts. That took place as a campaign (see above) and started when gamma was at a nadir. Size was at the 287 strike and so those are the ones to watch in the next few days. If the market falls below the 287 strike, the gamma will accelerate gains.
Also, I had “predicted” that yesterday evening we’d see a DIX below 0.40 …which has been shown to correlate with selling …well, that came tonight. One day early on that call.