Today’s Options Flow: Flows Still Signal Upside on the SPX and the 5570 Level Could Be a Near-Term Magnet

Index options flows, which are signaling more upside potential for the SPX. After last week’s fiery rally, institutional traders are still bullish as we head into the monthly expiration this Friday. Despite the Juneteenth holiday potentially affecting mid-week volume levels, the price action favors the bulls, barring any significant surprises in economic data. Interestingly, there's no significant downside hedging taking place, which could indicate either optimism or complacency. Kevin Green also breaks down the JPMorgan Hedged Equity Fund (JHEQX) collar which may give the market a little turbulence over the next two weeks.