by Renato Leonard Capelj “I’ve actually never seen a stock go up endlessly on nothing.” That’s according to CNBC’s Jim Cramer who commented Monday on Tesla Inc’s (TSLA) near-vertical price rise on the heels of record quarterly revenue and profit, as well as news that Hertz Global Holdings Inc (HTZZ), a rental car company that […]
weaponized gamma
The Great Silver Gamma Squeeze
Silver prices were up over 5% last week as WallStreetBets switched its focus from stocks like GME and AMC, to silver and stocks like SLV and PSLV. As you can see in the chart below SLV surged on Thursday directly to the $25 strike, only to pin that level into Fridays close. $25 just happens […]
Weaponized Gamma Reloaded
The latest options data revealed that equity option call buying surged this week, blowing out the previous record week. Shown in the chart below is the total number of contracts bought to open netted against contracts sold to close. This suggests that traders on net did not elect to close out of their long calls […]
Nomura Uses Our “Weaponized Gamma” Phrase
It was SpotGamma that coined the phrase “weaponized gamma” which Nomura uses to describe the current call mania. Read more from our September 8, 2020 post, “No, Softbank Didn’t Weaponize Options Gamma.” From ZeroHedge: The ongoing meltup in stock markets lifted global market caps above $100 trillion for the first time in history yesterday… Source: […]