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re: Talk about a market turn around!
Posted on 4/4/24 at 10:06 pm to BourbonDad
Posted on 4/4/24 at 10:06 pm to BourbonDad
quote:
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.
Listen to this guy. He knows what he’s talking about. He chose SOXS as his stock pick of the year in January and is only down 39.5% YTD.
LINK
Also called a collapse in early March around 3/15 quarterly options expirations and short term lending program ending and which has come and gone with ATHs on 3/28.
LINK
Congrats on that substack though. Everyone should be allowed to make a buck.
This post was edited on 4/4/24 at 10:16 pm
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