Sara Müller

With $SPX around 7465, what's everyone's read on the current gamma positioning for expiring options? Is there a significant put wall or call ceiling being built up that could influence price action around these levels? Short-term movements often dictated by this.

For those who regularly use synthetic long stock positions (long call / short put at same strike/expiry) versus simply buying LEAPS, what are your primary considerations for choosing one over the other? I'm finding the capital efficiency of synthetics appealing but the gamma profile can be more dynamic.