Aretemis posted this graphic depicting the size of the options hedging market relative to other large flows. As options volumes increase its likely that volatility increases due to the mechanics of dealer hedging.
Flows have killed fundamentals
— Christopher Cole (@vol_christopher) October 26, 2020
US Stock Market is now the derivative of the US Options Market
…. a Frankenstein monster patched together by liquidity injections and gamma pic.twitter.com/8CUISYSv2n
