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Started By
Message
Talk about a market turn around!
Posted on 4/4/24 at 2:08 pm
Posted on 4/4/24 at 2:08 pm
What a DAY!
Posted on 4/4/24 at 2:20 pm to BCreed1
What the frick just happened?
Posted on 4/4/24 at 2:23 pm to REG861
quote:
What the frick just happened?
I bought at 12:45 central.
Posted on 4/4/24 at 2:26 pm to REG861
Longer term call buying never came in post March opex. Nothing but 0dte and dealers had a MASSIVE bag of long hedge. Now they're caught short puts and the only way to hedge it is to short the market lower. Gamma squeeze works both ways.
Posted on 4/4/24 at 2:33 pm to BourbonDad
There’s no way this paragraph makes sense to anyone
Posted on 4/4/24 at 2:45 pm to SulphursFinest
"people think the markets been moving higher on actual equity buying. But it hasnt. Last few months have been non stop call buying only (nobody wants to buy the crap this overvalued). When you sell call options to call buyers you buy the underlying asset to hedge your risk (call buyer will make money but you will lose hence the hedge). March 15 was a quarterly expiration cycle where $1T worth of notional hedge expired (i.e. they suddenly had a massive hedge but nothing being hedged). So if people dont continue to buy more calls, the dealers have a massive bag hold.
Also, ive said this for ever but nobody on this board listens to me, that there will be a total unpinning of volatility. Its been two sumo wrestlers stuck against each other for months. Looks stable til it isnt.
Also, ive said this for ever but nobody on this board listens to me, that there will be a total unpinning of volatility. Its been two sumo wrestlers stuck against each other for months. Looks stable til it isnt.
This post was edited on 4/4/24 at 3:37 pm
Posted on 4/4/24 at 2:53 pm to REG861
Concerns over jobs report tomorrow per CNBC. So they locked in their profits.
Posted on 4/4/24 at 2:54 pm to RoyalWe
I did sell some calls that are now at the point of buying them back!
I then opened some debit spread on some of my positions for the eventual rebound.
I then opened some debit spread on some of my positions for the eventual rebound.
Posted on 4/4/24 at 2:55 pm to BCreed1
1st thing to learn about the market is the news doesn't matter (aside from major breaking news catalyst). It's all a smoke screen, they choose the headline/narrative to fit the price action.
Posted on 4/4/24 at 3:01 pm to BourbonDad
My uvxy and Sqqq started screaming!
Posted on 4/4/24 at 3:03 pm to BourbonDad
Delta map of SPX complex
This massive drop off was WAY bigger before march opex. It was a slippery slope that couldnt be avoided....by the way the date besides that drop off is 4/18. This is the power of delta hedging flows my friends.
Posted on 4/4/24 at 3:05 pm to BourbonDad
quote:
Also, ive said this for ever but nobody on this board listens to me
Although we may employ different strategies, being that we’re generally in the same line of “work”, I do.
Posted on 4/4/24 at 3:13 pm to Jag_Warrior
Yes... each of you 2 need to start a thread on just those strategies.
Posted on 4/4/24 at 3:34 pm to Jjdoc
i got hammered today minus oil stocks
Posted on 4/4/24 at 3:39 pm to BourbonDad
I think you think you are a lot smarter than you are
Posted on 4/4/24 at 3:40 pm to BourbonDad
Apparently listing my substack (without a link) twice in the span of a month or more is “promoting” it. Peace out, this board can figure it out on your own from now on.
Posted on 4/4/24 at 3:41 pm to TheWalrus
It certainly feeds my family very well so I must know a thing or two.
Posted on 4/4/24 at 4:01 pm to BCreed1
Thank God for bitcoin to stop the bleeding somewhat
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