Gamma
Posts about gamma exposure, gamma flips, dealer positioning, and gamma scalping.
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Why "good earnings" stocks often dump the next day
VANNA works in opposite directions for the index versus single stocks. Same mechanic. Mirrored positioning. Opposite outcomes.
One of the most reliable post-earnings setups
Setup: a stock is rallying into earnings. Skew shifts hard toward calls. Implied vol on upside strikes is bid. Retail and momentum funds are piling into upside calls.
Three conditions before I sell premium
Implied vol sitting above realized vol. Variance premium right there for the taking. Simple, right?
The signal hiding inside implied vol
Stock hits a new high. You think it's bullish. But what's implied vol doing?
Crashes don't start from the top
"Buy protection when markets are euphoric and everyone's greedy." Every beginner trading book says that.
Video lesson: you are missing a key part of the puzzle...
If you’re chasing the move instead of understanding the "under-the-hood" vol dynamics, you’re missing a key part of the puzzle.
Gamma flip is not a trade
A lot of traders think finding the gamma flip level is edge. It just simply isn’t.
Lesson: being right on volatility isn’t enough
Last week I was long the daily SPX straddle around $40 going into the jobs number...