“Brent Kochuba, founder of analytic service SpotGamma, observed that last week and earlier this week, the existence of many large in-the-money single-stock call positions had led to a large positive delta skew — the theoretical value of stock required for market makers to hedge the directional exposure resulting from all options activity. As most of these positions closed, that has contributed to…”
Read more at: https://www.bloombergquint.com/markets/a-3-3-trillion-expiry-of-stock-options-adds-to-market-jitters
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