Looking to Sell the S&P 500 on Rallies Into Resistance

<p>One of the main themes in the Benzinga Option School this week was how prominent the 380 strike was in terms of option flows. Our internal analytics showed how 380 is the largest strike by call + put gamma with 370 being the largest strike by put gamma only. The large concentration of positions at the 380 strike suggested it would likely become resistance on pullbacks this week.</p>
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