@VolCurve brought up a great point today – ” Don’t mistake gamma hedging for strength.” It was an interesting example today of what looks like gamma hedging moving the market into the close. The market was quite weak today, but some force kept bringing us higher towards 3300 into the close. SPX options settle at […]
drift
Explaining OPEX Drift
This is a repost from MacroTourist. Excellent site and co-host of The Market Huddle podcast. This post will be a little more technical, but it’s important, so I urge you to read on. Over the past couple of years there has been an increased interest in dealers’ gamma charts to help explain market movements. […]
