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jerome
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Zap me

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Tried to zap but got an error about inbound liquidity.

Yo, good morning

0 day to expiry option. Typically there are weekly option but now on tracker like spy there are option expiring every day. If you look at most active option monitor on Bloomberg it’s pretty easy to track.

300k to 400k volume traded on the day the option expire when it has only 10k open interest prior. So all volume is basically only on last day.

With such positions the market maker has huge gamma around certain strike. If short will push market away and if long will pin market at the strike.

Then there is the theory of max pain which will push market to expire at a price that maximize the loss on all option expiring that day. It’s kind of an effect of hedging the delta/gamma.

Me too, water sports are freedom. So getting orange pill isn’t too hard.

My only 2 tweets

2008: Checking out twitter

2023: Verifying my account on nostr…

Mostly reading than contributing.

My main social network usage are private/public technical/hobby/similar social backgrounds Facebook groups. Where we share knowledge and stories in a group that can relate and help. Essentially building community.

These groups have different levels of a moderation which kind of help I believe.