SpotGamma Report for: 03/18/2021 PM

Daily Note: A very interesting day in markets with SPX shedding 1.5% and QQQ dropping 3%. This is a very atypical high gamma day, and our view is that the negative gamma QQQ trade and weakness in tech is really dragging the S&P. Initially the SPX hit a high of 3969 (large combo 3697) but […]