S&P 500 Sells Off as Traders Watch Key 'Risk Pivot' Level
The S&P 500 is under pressure amid a sell-off in Big Tech stocks and rising Treasury yields, with traders monitoring key levels for signs of increased volatility. Options data suggests market makers have been positioned to manage gamma risk around the 7,500 level.
Tickers: $SPY
Topics: gamma positioning options trading S&P 500 stock volatility