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Jan 06 2021

SpotGamma Report for: 01/06/2021 PM

Daily Note: Quite a day today, with SPX shooting higher off of the back of a VIX crush. We think this was a strong "vanna rally" as implied volatility dropped sharply, inducing short covering, which drew other market buyers. The velocity of this move slowed significantly around 11AM, and we more or less trended flat […]

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Written by Spot Gamma · Categorized: Daily Note

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