Ahead of important AAPL (Apple) earnings and the FOMC we wanted to review the market over the past week. We have spent a lot of time drawing an analogy between todays market and that of January ’18 (see here). Interestingly the Jan ’18 market topped the same day as the current market. Currently gamma is […]
FOMC
Saudi Oil Attack Options Gamma
Here is a quick snapshot after the Saudi Oil attack – options gamma is still quite long with over $1bn long gamma per point in the S&P500. This may have had an effect on muting or “deleveraging” the reaction to the news about the Saudi Oil attack. There was a very large move in crude […]