SPY Weekly Outlook — Week of November 2, 2026
- SPY closed Fri Oct 30 at $755.72 in Short gamma, below the gamma flip.
- For the next five sessions: call wall $780.00 (+3.21%), gamma flip $768.97 (+1.75%), put wall $755.00 (-0.10%).
- 5 of 5 sessions opened in short gamma.
- These are Friday's closing levels. They move with the chain during the week.
How last week actually traded
SPY opened the week at $762.25 and closed Fri Oct 30 at $755.72 (-0.86%), with a weekly range of $750.36 to $773.36.
| Session | Regime at the open | Close | Range | Reached call wall | Reached put wall | Crossed flip |
|---|---|---|---|---|---|---|
| Mon Oct 26 | short gamma | $765.37 | 0.80% | Yes | No | No |
| Tue Oct 27 | short gamma | $769.66 | 0.77% | Yes | No | Yes |
| Wed Oct 28 | short gamma | $772.31 | 0.54% | No | No | Yes |
| Thu Oct 29 | short gamma | $769.36 | 0.54% | No | No | No |
| Fri Oct 30 | short gamma | $755.72 | 1.48% | No | Yes | No |
Prices are the official daily bars. “Reached” means price came within 0.1% of that session's wall (all expirations) at the time; “crossed flip” means it traded on both sides of the gamma flip during the session.
Positioning into the week
At the Fri Oct 30 close, SPY sat at $755.72 and dealer positioning across all expirations was short gamma — dealer hedging tends to lean with moves. Counting only contracts that expire over the next five sessions, the levels were:
| Level | SPY | Distance from close |
|---|---|---|
| Call wall | $780.00 | +3.21% |
| Gamma flip | $768.97 | +1.75% |
| Put wall | $755.00 | -0.10% |
How much weight to give these levels
We test our own levels instead of asserting them. Across 100 trading days of stored data, the call wall held 44% and the put wall 51% of the times price reached them, and days that opened in short gamma ran 16–36% wider high to low than days that opened in long gamma. The full study, failures included.
What is free here, and what is not
This weekly read of SPY at Friday's close is free, and so are the live regime check and the SPX ⇄ ES converter. Levels that move through the session, 0DTE, and the other 29 tickers — including SPX, NDX, QQQ and single stocks — are on the dashboard.
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This is Friday's close. The dashboard moves with the market.
Call wall, put wall and gamma flip recomputed through the session, 0DTE included, for SPY and 29 more tickers.